关键词: 资本市场, 供给政策, 国家竞争战略

Abstract: Since the inception of China capital market,there was a radical change of securities supply policy from the administrative auditing system under quota management to authoring system,from mainland preference,internal and overseas equality to prompt overseas bule-chip to return to A shares market and be cross-listed.Enlarging scale and optimizing structure of the market is the core of China's securities supply policy in future.The policy will not only induce the upgrading of market function but also conduce to the risk diversification,international of capital market and the transform of country development mode.It is the return of overseas blue-chips,corporate bond development,home company listing and high growth market construction that constitutes the strategic emphasis in process of the enforcement of the policy.

Key words: capital market, supply policy, national competitive strategy