产权市场的主要渠道是股权市场。而我国的市场体系的核心或基石乃是产权市场。因为产权是全部权利的基础。所谓资源的合理配置,实际上在法律上就是产权的交易过程。产权产生了一系列的法律权利。以产权为核心的一系列权利的行使。就是市场上不受他人非法干扰的一种自主权。在资本货物市场中的买卖无疑是一种产权交易,而股市上的股票几乎更绝对是现代式的产权交易——以权利证券化为手段的产权交易。因此,股票发行和股市上的产权交易是以现代信用手段为基础的产权交易。无数个单个的资本或微小的资金都得到产权上的承认,即以股权方式表现自己的产权证书——股票以类似货币的功能,将单个的资本金额汇集成巨大的资本。由此可见,股权交易是资源配置的强 The main channel of property market is equity market. The core or cornerstone of China’s market system is the property market. Because property rights are the foundation of all rights. The so-called rational allocation of resources is, in fact, legally the transaction process of property rights. Property rights have produced a series of legal rights. The exercise of a series of rights centered on property rights. It is a kind of autonomy in the market that is not interfered with by others. Trading in the capital goods market is undoubtedly a kind of property rights trading, and the stocks in the stock market are almost certainly more modern-style property rights transactions—property rights transactions that use rights securitization as a means. Therefore, property rights trading in stock issuance and stock exchange is a property rights transaction based on modern credit instruments. Countless individual capitals or tiny funds are recognized in property rights, that is, they express their own property rights certificates in the form of stock rights—shares function in a similar currency, and aggregate the individual capital amounts into huge capital. This shows that equity trading is a strong resource allocation