一般来讲,筹集外资主要有三条渠道,一是吸引外商直接投资;二是寻求国际金融机构贷款;三是利用国际证券市场发行有价证券。目前,我国利用外资主要来源于前两条渠道,利用第三渠道筹集外资尚处于起步阶段。积极利用证券市场筹集外资,对我国扩大利用外资渠道、加速经济发展有极其重要的意义。 一、证券投资的国际化趋势 随着国际贸易的迅猛发展,世界经济正在向区域化和一体化方向发展,国家之间的经济依赖性越来越强,一国或几国的经济波动或政策变动都会影响到别的国家乃至整 Generally speaking, there are three main channels for raising foreign capital: one is to attract foreign direct investment; the other is to seek loans from international financial institutions; and the other is to issue securities using the international securities market. At present, the main sources of China’s use of foreign capital come from the first two channels, the use of the third channel to raise foreign capital is still in its infancy. To actively use the securities market to raise foreign capital is of extremely important significance for expanding the use of foreign investment channels and accelerating economic development in our country. I. Internationalization Trend of Securities Investment With the rapid development of international trade, the world economy is developing towards regionalization and integration. The economic dependence among countries is getting stronger and stronger. Economic fluctuations or policies in one or several countries Changes will affect other countries and even whole