The Business Times
business-time-50

中国的“慢牛”市场能否成功？

北京希望建立一个混合型资本市场，以促进技术自给自足和金融自主。

google-preferred-sourceAdd BT as a preferred source
    • 北京希望股市能随着时间推移逐步上涨，而非出现快速的投机性飙升，从而产生稳定的股息收入并鼓励长期投资行为。
    • 北京希望股市能随着时间推移逐步上涨，而非出现快速的投机性飙升，从而产生稳定的股息收入并鼓励长期投资行为。 图片来源：EPA

    Tan Kong Yam

    Published Mon, Mar 16, 2026 · 09:00 AM

    本文由AI辅助翻译

    查看原文

    中国正在进行现代金融领域一项最不寻常的实验：建立一个庞大的资本市场，既服务于国家发展目标，又能为投资者带来可靠的回报。

    与美国不同，美国的股票市场主要是为了最大化股东价值，并通过去中心化的市场力量有效配置资本而发展起来的。相比之下，中国的股市在历史上一直扮演着国家主导的融资平台角色，旨在支持产业政策、改革国有企业和维护宏观经济稳定。

    如今，北京正试图将该体系转变为一种更复杂的模式——一个能够创造长期家庭财富、为技术自给自足提供资金，并增强中国地缘政治金融自主权的混合型资本市场。

    此翻译对您是否有帮助？

    ChinaHong KongChina economyFinancial marketsChinese equities

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    The Open category COE rose S$2 to S$129,002.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More