中国证 券市场金融信息服务行业发展分析.pdfVIP

中 国证 券 市场 金 融 信 息 服 务 行业 发 展研 究 A b str a c t O ne of the m ost im portant ach ievem ents stem m ed from the R eform and O pen ing Po licy of C h ina is the qu ick developm ent of C h inese security m arkets. B ut the problem of asym m etric inform ation parasitic to the m arket has also brought a series of hazards, such as financial fraud, price m anipu lating and inside inform ation trading. T h is paper begins w ith the rev iew of the h istory of C h inese security m arkets. A fter that it stu dies the m echan ism of the tran sm itting of the inform ation in the m arket. The three m ain subjects in the m echan ism , stock analysts, financial m edia and internet inform ation p latform , p lay an im portant role but still show m any prob lem s. The im provem ent of their w ill do a lot of good to the prob lem of asym m etric inform ation . In the end, the w riter delivers som e po ssib le so lution s to the puzzles. T here are four sections in th is paper. Section O ne is introduction. T h is part m ain ly introduces the research background and the fram ew ork of this paper, includ ing the literature survey and the m ain v iew s of th is pap er. Section Tw o introduces the m echan ism and the principals of the transm itting of financial inform ation in the security m arket. G am e theory is used to exp lain the m otives of the subjects. Section T hree m ain ly study the prob lem s of the three subjects in the process of inform ation transm itting, includ ing the non-independence of security analysts and the intensive com petition am ong the internet p latform s. Section Four is the final part; it com es to the conclusion ，and g ives som e revelation and adv ice of how to im prove m arket efficiency. T he prob lem of asym m etric inform ation is a long-lasting one. T he key to the prob lem is to boost the developm ent of the indu stry of fina