基于中美战略博弈视角的资本市场做空机制比较研究
A Comparative Study on the Short Selling Mechanism of Capital Market Based on the Perspective of China-U.S.Strategic Competition
朱冬梅 1张颖1
作者信息
- 1. 东南大学经济管理学院 南京 211189
- 折叠
摘要
中美关系是当今世界上最为重要的国家间关系,值此百年未有之大变局,金融作为现代经济的制高点,近年来加剧竞争的大国博弈日益转向非传统的经济金融领域.自2021年以来,在美中概股不断遭遇市场做空,已严重影响我国的海外金融利益.本文通过分析中美博弈发展历程及演化机制,尤其是拜登政府执政以来的对华政策,比较研究了中美资本市场做空机制的做空主体、做空模式、监管制度、引发风险及其对我国的影响.本文研究为我国面对复杂多变的国际环境如何始终保持定力,有效应对美国对我国实施资本市场做空的持续打压提供理论支撑.
Abstract
China-U.S.relations are the most important inter-country relations in the world.Within a wider context of the once-in-a-century changes,finance as the commanding height of modern economy,the intensified competition between big countries has increasingly turned to non-traditional economic and financial fields in recent years.Since 2021,Chinese stocks in the U.S.have been continuously suffered from short blow,which has seriously affected China's overseas financial interests.This paper first analyzes the development history and the underlying mechanism of the China-U.S.relations,especially the Biden administration's policy towards China.Then the paper compares and studies the short-selling subjects,short-selling modes,regulatory systems,possible risks of the short selling mecha-nism of the U.S.-China capital markets and the impact on China.The research in this paper provides theoretical support for how our country can always maintain its determination in the face of a complex and volatile international environment and effectively respond to the continuous suppression by shorting in the capital market of the United States.
关键词
中美博弈/做空机制/融资融券/监管体系Key words
China-U.S.Competition/Short Selling Mechanism/Margin Trading/Regulatory System引用本文复制引用
出版年
2024
NETL
NSTL
维普
万方数据