On the Accumulation of Fictitious Capital and Entity Capital——Concurrently Talking about the Issues Calling for Attentions in Fictitious Capital Accumulation in China

Only the capital in the form of production factors which can directly produce use-vale,utility and welfare should be included to the range of entity capital and all other capitals in the form of currency and various financial tools which help the accumulation of entity capital should be included in the range of fictitious capital.Although fictitious capital accumulation can engender great influences on the efficiency of entity capital accumulation,in the end it can not develop separately without entity capital accumulation.When developing separately without entity capital accumulation,it may even bring many calamities,such as financial crises.Therefore,China's economic development shall be based on entity capital accumulation. When using fictitious capital accumulation to help the economic development,we have to establish efficacious beforehand alarming mechanism and supervise closely the risks and bubbles in the opening process of capital market.