A Review of the Research on Capital Market
With the function of capital financing and distributing,risk diversifying,liquidity smoothing,supervising and information disclosing,capital market promotes industrial structure updating and the development of hi-tech enterprises.The risk of capital market involves information risk,liquidity risk and systematic risk.Policy instruments and means should be innovated regarding the potential risk of capital market.The reform and development of capital market mainly depends the change in government's administration.It's regulating and supervising should adhere to market laws aiming to perfect market operation and administrative mechanism.