Study on the Development Direction of Capital Market in China

The development of capital market is crucial to a country, soit is necessary to improve the development of the capital market. In China, the development of multi-level capital market is also the focus of economic developments. This paper based on the national conditions of China, presentseven development directions set for the construction of multi-level capital market system. The seven development directions are realizing stock issuance registration system, vigorously developing a multi-level capital market system, continuously innovating the securities market, establishinglong-term Funding and long-term mechanisms, building and improving the futures market, promoting the bi-directional opening of capital market, strengthening systematic construction for investors’ protection. These seven development directions are interrelated. It is of vital importance to comprehensively improve the capital market and accurately locate the development direction of the capital market.