Abstract:In recent years,Chinas money market has experienced a rapid development demonstrated by persistent increase in the variety of assets traded,scale of transaction and number of market participants.With the development of the money market,indirect control of the central bank through monetary policy has been becoming more and more effective.However,the development of Chinas money market is still at its initial stage.The instruments available for trading are relatively limited,the market is somewhat segmented,and the scale of transaction is small.Furthermore,due to the control of the interest rates of deposits and loans,change in the interest rates of the money market has a weak impact on the credit market and other financial markets.This paper analyzes the basic structure and development of various sub-markets of Chinas money market.Special attentions are paid to the interactions among these sub-markets in the view of the central banks monetary control.

Abstract:This article begins with classification of policy events influencing stock market.In the article the policy events are diveided into the medium-long term continuous and the short term discrete ones.As for continuous policy events,the article analyses their effects on stock market by regression models and by building their comprehensive indicator curve.For discrete policy events,the article analyses their effects on stock market by the event studies.The research reveals that there are positive correlation between continuous policy events and Chinas stock market,though interpretive degree of continuous policy events is limited.The short term policy events have a deep impact on the stock market,but the impact is decreasing.Control of policies over the stock market tends to be mature.

Abstract:The scholars have assumed that there is an uniform property right structure in their former studies.However,in fact,there are two different kinds of property right structures in social economy.One is public property right,and the other is private property right.They apply to different industries.Generally speaking,the private property right structure applies to those competitive and profit industries,and the public property right structure applies to those non-competitive and non-profit industries.Therefore,in this article,the author holds that the Chinese state-owned enterprises are mainly faced with both some disorder property right structures and some disorder industry structures rather than unclear property right.In other words,the author believes that those competitive and profit industries,to which property right should have adapted inappropriately taken the structures of public property right.So,the key problem facing the Chinese state-owned enterprise reform is that the industry orientation has to be kept identical with property right structures.

Abstract:The previous research on entrepreneurship involved many fields,however,no distinctive theoretic system had even been formed.This paper identifies the terminology of entrepreneurship,reviews eight schools of the related theories,and analyzes four focal issues,namely,styles of entrepreneurship,risk-taking of entrepreneur,endowments of entrepreneur,and the “identity” of entrepreneurship research.Based on the analysis,the paper discusses the purpose of entrepreneurship study,specifies the research field,and defines entrepreneurship as the innovative activities with high risk during the business administration.Then the paper presents a conceptual framework of the theory of entrepreneurship with three dimensions:innovation,risk,and business administration.