资本市场的快速发展,已导致中国金融发生了深刻的结构性变革,金融组织结构、金融工具结构、金融市场结构等日渐丰富和多样化。相应地,货币政策实施的金田环境也有了很大改变,货币政策正面临着来自资本市场的严峻挑战。为了提高货币政策的有效性,促进资本市场的稳定、健康发展,我国的货币政策必须充分正视和有效应对资本市场的变化以及由之引发的问题。 The rapid development of the capital market has led to a profound structural change in China's financial industry. The financial organization structure, the structure of financial instruments and the structure of financial markets have become increasingly rich and diverse. Accordingly, the Jintian environment in which monetary policy is implemented has also undergone great changes. Monetary policies are facing severe challenges from the capital market. In order to improve the effectiveness of monetary policy and promote the stable and healthy development of the capital market, China's monetary policy must fully address and effectively deal with the changes in the capital market and the problems caused by it.