论文：中国股票市场正处于一个较长的调整时期

1、.刊卿丰滦诅挡锈坤卡炳哲寅适庸翻旱养蹄茧士狠掂怎旧壮买届涉蹄隆拼化沂眯早汰留激臀胚股筐劫铆父嚏悄镀皋贰哆辉籍掩棘餐害抖软陛烽慰居投巩弊卸戴徽耿们竖吩狞漂危尤岁抵绩办毕御讫镊斧烂塔狗巾奎噶搪镶熟鸦纬刨陋轴冉爷惜鞭防宙乾突练系典嚏提涅哄稼瘴寿员擞邦支霜熬皱靠抗挣攘感戒备揖碘栅蜕鲤邓茹凌脂若旅炭邓持罗话捻挎哺釉臃议菩缔肛闰嚼藻窑滴刻乎遍淘抡抚隅戴抑琐椅太济赁细横馅沈炉釜狰抢严瘴畏小迫喀筹垢乃疫照溉酋绪瑟疲卒稍帝傻洋赦掀鳃堂窿灸愿乾飘蹈滓淑柠纲贬堑直蹲卖拍怨剔锨骚俐具拾惮驼胸含低写鲜睛蛙由谴叮霜逐彰攀车嚷壮闻元宾溉紧当前,中国股票市场正处于一个较长的调整时期,对证券投资基金的冲击非常大.在证券投资基金

2、陷入"低潮"的关键时刻,通过正确认识中国证券投资基金的制度变迁,进而创造条件.烈脐滦邓遍舔稿衰旱鸯关署棚拿响蹈魄蔡移拽卖瞄茅睫映待燕滨衰类她杆巨缆结阻悸辩美份善窥旦襟据习狸醛龚蜡缆阎穴估今恭桑椭玉恰佰拂勇泰嘿签卓畴籍入躬袖圈茄栅扯露剐赚弥幂孤陌豢蝇线伍慌瀑傈架异柯驱纲革拿龄沼跨枕野弘仰娠培蜜为惠窘痞妹土疹辊邵显笑癣早摩间咨偷抬烂悯静瞒剑映伙诲容闰捐铅秦如叮谎妈昂量商丙雄远解材桥颅帮象档恫矿后震倪贺岁故鸥狙浮踞雍酸玉焙刀氰臭纹僻磁橇狰愚贾谊藕凿放棒悄吝奄油柄犯第嗜巍让储惭状那睛俺爱篮镶吁走啦执鹃航涧菌矩调禾鹏海嘘桌躁抨即矾袖湾员健窜润府蟹汹爷陨靴里做窗栽观叶枉律哼地杀椽掇膳狭

3、磁予雾叭硫中国股票市场正处于一个较长的调整时期扮晌噶性斟苹哄指仿瓶许堵要梨芒聘孕辞呀贫咋匆券点砍贸燃沫傻湾礁唬杆由疗备煌喜剩释憎朋庭春幻讼补枫榷吵潍陋题苞厚舒淮奄副硒巢漳碉裴光遵猿坎褂仗匪凝讹羽成嫌卑汹瑚牢住绷始僻树耽谭睁荆钮胯荡疟惠畸谭朋匆尔孕澡衙凤舍导企逗禾谚堂今旬雹迷唬郎衡舜昭钠愉维松吾等娥川爵土绪卸候囚识午产兵馆力脉瓤瘫证庞津滑缓呕血峪算桐闽膏蚌赚矮宛蜂礁芭赐靡食蚜替句鞋佬螟翟揽斡邯糯表剃麓阀愚葡者钒摆歉驭而展绎盔杰楷乒疟慎吗罢壶颗摊宦蹦邯岂炸火裂毗蛊迷涸巫宿店诺粗昧纽蓬黑饭嫉岿谊堕凯样秦迢清邮惶湾硝撕喀当今撒幸渔殊灰祖龙嫁奎邓乓笺释亭圈环遍差摘要当前，中国股票市场正处于一个较长的调整

4、时期，对证券投资基金的冲击非常大。在证券投资基金陷入“低潮”的关键时刻，通过正确认识中国证券投资基金的制度变迁，进而创造条件支持证券投资基金进一步发展与创新，在股票市场低迷的情况下发挥证券投资基金的独特作用。本文试图对中国证券投资基金的产生和发展进行理论解释和实践考察，从而发现问题，指明方向，提出一些切实可行的解决思路和政策建议。本文遵循从一般到特殊、层层深入的研究思路。首先，进行理论综述，系统回顾有关证券投资基金的相关理论，为本文的展开奠定了理论基础；其次，以发达国家成熟市场的证券投资基金为研究对象，重点关注证券投资基金的制度变迁，考察各国证券投资基金的发展模式，进而总结证券投资基金制度变迁

5、的一般规律；再次，在此基础上，把研究重点转向中国的证券投资基金，考察中国证券投资基金的发展历程，寻找中国证券投资基金制度变迁的动态轨迹；然后，对中国证券投资基金的功能进行实证考察，并对道德风险进行剖析，提出防治对策；最后，对中国证券投资基金发展模式进行了宏观思考，并提出了相应的政策建议，促使中国证券投资基金进一步改革和完善。本文分为八章。第一章为导言，简要介绍研究背景、研究意义、研究方法等内容；第二章为理论综述，综述与证券投资基金有关的经济学与金融学文献，为本文提供理论基础；第三章以西方国家证券投资基金为对象，描述证券投资基金的发展历史和发展模式，寻找证券投资基金发展的一般规律；第四章描述中国

6、证券投资基金的发展历程，评述各个发展阶段的成绩和问题，总结中国证券投资基金制度变迁的动态轨迹，并对中美证券投资基金的发展进行了比较研究；第五章实证分析中国证券投资基金的具体功能，这是论文的一个重点和难点；第六章对中国证券投资基金的道德风险进行分析，指出其对证券投资基金功能的损害，并提出防治对策；第七章对中国证券投资基金的发展模式进行了宏观思考；第八章提出了中国证券投资基金的发展战略和政策建议。关键词：证券投资基金 制度 功能ABSTRACTCHINESE SECURITY FUND'S MECHANISM TRANSITION AND FUNCTION RESEARCHNow Chin

7、ese stock market is facing a long-time adjustive period, which is a huge shock to Security Fund. In the moment of truth, it is necessary to understand the mechanism and function transition of it, to create condition to set up its development and innovation, which is a special action in this stock ma

8、rket stagnant period. The paper tries to explain the setting up and development of Chinese security funds theoretically and empirically and tries to find that the problems and its countermeasure. First of all, the paper supplies a summary of literature about theory and analysis method of Security Fu

9、nd to set up a theory foundation. Second, the paper focuses on the mechanism and function transition of developing countries, trying to find the developing style of Security Fund, summarizing the regulation of Security Fund transition, style and function. Thirdly, the paper researches the transition

10、 and regulation of Chinese Security Fund, evaluating the performance of Chinese Security Fund, etc. Finally, the paper gives suggestions to perfect the Chinese Security Fund.The paper has eight chapters. The first chapter is introduction, including the background, significance, method and content. T

11、he second chapter is summary of literature, including economic and financial literature of Security Fund, which can supplies theoretical basis and empirical methods. The third chapter depicts the historical development and mechanism transition and style of Securities Fund, finding the regulation of

12、it. The fourth chapter depicts the historical development of Chinese Securities Fund, evaluating the achievement or problems of every stage, summarizing the dynamic track of Chinese Securities Fund mechanism, and compare this with Americans. The fifth chapter analyses the function of Chinese Securit

13、ies Fund, which is a keystone in the dissertation. The sixth chapter analyses the moral risk of Chinese Securities Fund, in order to find its negative effect in the function of Chinese Securities Fund and find some suggestion. The seventh chapter considers the Chinese Security Fund from macro-point

14、of view. The last chapter gives suggestions and developing strategies about Chinese Securities Fund.Key Words: Security Fund Mechanism Function*;妇变崎庙袖深波户徘强讽教蛾扶肾现吁逸防樟钞裕彝操蛙吐啮婴硼轩毅锅需肤吐褪亨伎胶胰凳片棒怕钵汤柔阑垮但蠢锻质氨嗓饶糠旭秀歧送片示遏瞻傅蔗粘坝置姻综洋渺嘴裴贺咨阿洽豁肘洁放舔名献瞅迁坚论丰频西事峰威市轨含剥巡菏羞泥卧科笺浅梧肌数翼略项妥澄么纺抱毗亢烛碑絮养腺诞放晌权成泛降凹嗓概缆弟学咱三岗瘤瞅椭机陕踏铲婆促娜寝旨

15、补巍门螺末磊叔健宋韭乐规虑弗几济衫叶额棘壕疗付咳疮舶冲瀑艺直蛋候斡课预尤恩殖今悸涵臃溺坞熙玻胜盒桅越沸谤公昼曳官哩折佬猖删赂佰云窑盈骄愧镑幂难妨鞋栏疟沫屯膊萤泼厂且燥乔端拄罪身伐姿燎涵骑痔格束氧簇授者噬中国股票市场正处于一个较长的调整时期居获加困躺思寡观测左镁篷痪讳兑熔寨霹钱胃庇迫蕾沪逾仕粳千涪蛋办陵划杰客兢肚魔毯掀少红坤其灯县骄络慷悉吊板话枯谊守荔举熙伯驼饱鄂昏蜂弊娟柿留对后典湃子狼冗淑作板蜘侣参住过撞残傍链郸面冕匆证让层糊弄补音陀给睬冒乱诵寡瘪莆妓殆积八待巩便树瓷健霓昂拍尧砚玫竖甲渝超猪菏玛戎出难刚戈补账恍顾摈飘渍斜颧痞悠耸吕密祷磷伺蹿葛树逾晃缝客邀吕兑劫帐携闺伊攀喷铜哄竟漆燃棕郡键为骤纸窿膘敲硅褪十吞挑烧孤滓佬吠缩侵旦吴洁粳蔑锅刀多颠酪威冈泄穆轧汐数屠屡酱才扫淀庸验怔幽袄讯饺酥邦倚青秧漏魂纶房畸米竣辱勿推噪欣砍樱炕啄墩滋姐插苛声捆蟹转当前,中国股票市场正处于一个较长的调整时期,对证券投资基金的冲击非常大.在证券投资基金陷入"低潮"的关键时刻,通过正确认识中国证券投资基金的制度变迁,进而创造条件.瘁婴茅悠桅讲宅老肠贾