The Price Mechanism Defect of our Country Security Market and Improving Measure

Whether the price mechanism is rationally or not has determined the playing degree of the value-finding function and the resource distribution function of the security market,the practice of domestic and international indicates,the most effective price mechanism is the market-based price mechanism.The price mechanism of our country security market is twisted seriously at present,the security price is not the true reflection of inherent value and supply-demand relationship,has formed a lot of deformity stock price.The price mechanism twisted has great defect,it is impossible to bear the important task of leading social economic resources,will cause the mistake disposion of financial resources.So,the security market of our country must accelerate advancing marketization and standardized process,make great efforts to foster market-based price mechanism,set up scientific,rational appraising system of company value,promote the ability of disposing and combineing the social economic resources of security market conscientiously.