【摘要】 我国证券市场投机性强　的主要原因是：我国证券市场的定位不准确；上市公司股权结构的特殊性；上市公司的质量　低下；上市公司股利分配政策不规范；管理层对证券市场的超经济干预；上市公司的信息披　露不能做到真实、公开和充分；退出机制实施困难；缺乏指数期货。要降低我国证券市场过　度投机应完善上市公司的治理结构；优化上市公司的股权结构；加　强和改善证券市场的监管；强化退市机制；尽快引入股指期货工具和股票的卖空机制。更多还原

【Abstract】 The reasons for over-speculation in our stock m arket lie mainly wit h such factors as unfixed position of stocks and securities,specific characteris tics of the shares structure of the companies on the market,low quality of the c ompanies going to the market,lacking in standards by which to impletement the po licy of distributing dividends among companies on the market,extra-economic int ervention by official hands in the market management,failure in announcing the i nformation about the companies on the market truly,openly and adequately,and the difficulty in practising the mechanism of withdrawing from the market,etc..In order to rectify this over-speculation condition,efforts must be made to improv e the administration structure of the companies on the market,optimize the struc ture of the right of shares of on-the-market companies,strengthen and improve the supervision over the stock market,intensify the mechanism of quitting the m arket,and introduce into the market as soon as possible the vehecle of shares-i ndex futures and the mechanism of selling all of shares.更多还原