中國大陸在邁向市場經濟導向的過程中，推動了政治運作、財產 私有化和市場機制等三項政經方面的變革。因此，中共一面要為營造 一個有利的經濟大環境而積極立法，另一面又意圖要解決當前所面臨 的各種難題。在立法精神的表現上，對內需維持現行的政治體系和繼 續走「具有中國特色的社會主義」道路，對外則試圖與國外經濟接 軌，並謀求中國的統一。解決當前經濟難題的首要工作是推動金融體 系的改革，其重點則在建立一個健全的金融市場、加強風險管理和提 昇國際競爭力。

Three structural adjustments have been made in China’s transition to market economy:political operations, private ownership, and market mechanism. As a result of these adjustments, China has developed a political sphere which is condusive to private enterprises and market coordination. To develop a market-friendly environment, China has introduced a new legal framwork. Internally, China seeks to maintain the existing political system and the “Socialism with Chinese characteristies”; while externally, she seeks to maintain alignment with the world economy and to see the unification of China and Taiwan. This legislative reform has been accompanied by a restructuring of the judicial system, as well as a dramatic change in administrative guidelines. That is, traditional economic control should gradually give way to western-style government supervision. Financial reform will be critical to financing major economic initiatives in China.These initiatives are: (1) improving economic infrastructure；(2) increasing domestic aggregative demand；(3) improving the social security system；(4) adjusting the economic structure and reforming state-owned enterprises；(5) correcting the imbalances in economic development；(6) protecting the environment； and (7) coping with international competition. A successful financial system reform require China to build a healty finacial market, improve risk-management and strengthen its competitiveness wordwide.

雙軌模式;單軌模式;系統性風險;商品市場;池魚效果

dual-track model; single-track model; systematic risk; commodity markets; spillover effect