简介：and ,or ,5.2% 

简介：despite that The utilization of the foreign capital has already entered a new stage,which proved that the capacity of Chinese market of foreign capital was limited and the market really did not need too much foreign capital. (Local policies and subjective wishes are other aspects). We can also find that the decreasing of foreign capital from the intensive decreasing of the proportion of foreign capital over the total social investment. The proportion of foreign capital was 20.66% in 1995,the utilization of foreign capital has already entered the new stage of stable or decreasing scale.

简介：privatizations have significantly increased market liquidity. And also privatization takes a potential role global capital market development. A. The Rise of Capital Market-Based Finance Capital market-based finance has in fact been increasing in importance,and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,before more than doubling to $ 1.22 trillion in 1999--rivaling the US total. The global value of M&

简介：J.M. ,A.P.,W.J. 

简介：and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,before more than doubling to $ 1.22 trillion in 1999--rivaling the US total. The global value of M&,this was a period of very rapid growth in the capitalization of markets in every country except Japan. Total world market capitalization increased over ten-fold (to $ 35.0 trillion) between 1983 and 1999

简介：and banks and is usually arranged by issuing houses and merchant banks. Stock exchanges are also part of the capital market in that they provide a market for the shares and loan stocks that represent the capital once it has been raised. It is the presence and sophistication of their capital markets that distinguishes the industrial countries from the developing countries,in both developed and developing countries over the past decade. And also capital markets are in fact winning the present and seem likely to dominate the future of corporate finance in developed and developing countries alike.a. The Stable Role of Commercial Banking in Modern Economies Ordinary "relationship banking" appears to be (at best) holding its own as a source of corporate financing around the world,Section 1 shows why has the global capital market grown so rapidly in recent decades. Section 2 talks about the continuance of the growth throughout the 2000s.Body1. Why has the global capital market grown so rapidly in recent decadesIn recent decades

简介：" Journal of Applied Corporate Finance 5(2),A Survey of International Banking."Gibbon," Privatisation International 123

简介：today's China takes a serious position in world's economy. Its innovation and opening policy make china keep achieving high GDP growth rate. This drives the global capital market keep growing. Summary and ConclusionsThis essay examines the impact of share issue privatizations (SIPs) on the growth of world capital markets (especially stock markets). I begin by documenting the increasing importance of capital markets,in corporate financial systems around the world. I then show that privatization programs-- particularly those involving public share offerings--have had a dramatic impact both on the development of non-US stock markets and on the participation of individual and institutional investors in those stock markets.This has told the reason of the fast growth of global capital market. And then I succinctly indicated the continuance of the rapid growth,a series of share issue privatizations can indeed promote the growth of global capital market

简介：privatizations have significantly increased market liquidity. And also privatization takes a potential role global capital market development. A. The Rise of Capital Market-Based Finance Capital market-based finance has in fact been increasing in importance,and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,before more than doubling to $ 1.22 trillion in 1999--rivaling the US total. The global value of M%26A activity in 1999 reached $ 3.4 trillion

简介：privatizations have significantly increased market liquidity. And also privatization takes a potential role global capital market development. A. The Rise of Capital Market-Based Finance Capital market-based finance has in fact been increasing in importance,and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,and especially so since 1997. This is venture capital investment by US venture capital partnerships. The fund-raising patterns of these private equity investors are discussed in Gompers and Lerner (1998)

简介：privatizations have significantly increased market liquidity. And also privatization takes a potential role global capital market development. A. The Rise of Capital Market-Based Finance Capital market-based finance has in fact been increasing in importance,and the total capitalization of the US market increased almost nine-fold (from $ 1.9 trillion to $ 16.6 trillion) over the same period.c. The Dramatic Growth in Securities Issuance Volume Since 1990 Another way of measuring the rise of capital markets is to examine whether their share of annual corporate financing activity has grown relative to that of other sources of funding. Security offerings by US issuers accounted for two-thirds of the global total throughout 1990-1999,before more than doubling to $ 1.22 trillion in 1999--rivaling the US total. The global value of M%26A activity in 1999 reached $ 3.4 trillion