An Analysis of the Promoting Effect of Capital Market Opening on Economic Growth

Jian-Xiao Gao （ Shanghai Normal University, Shanghai, 200030, China ）

Abstract

In the context of deep global economic integration and the accelerated advancement of financial liberalization, this paper conducts an in-depth analysis of the promoting effect of capital market opening on economic growth. In terms of resource allocation, capital market opening guides capital flows toward more efficient sectors, thereby improving the efficiency of resource utilization. For corporate development, it provides diversified financing channels, promotes improvements in corporate governance, and stimulates innovative vitality. With respect to related industries, it facilitates the development of the digital economy and the financial sector, while also driving consumption growth. Through multiple dimensions, capital market opening promotes the optimization of the economic structure and injects new momentum into economic growth, serving as a key pillar for high-quality economic development.

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