In 2008, the impact of the subprime mortgage crisis on the world economy exceeded expectations, and serious natural disasters broke out in China. Faced with a series of unfavorable factors at home and abroad, the CPC Central Committee and the State Council calmly responded, made decisive decisions, and adjusted the direction, focus and intensity of macro-control policies in a timely manner, thus maintaining the fundamentals of China's stable and rapid economic development under the severe international and domestic environment. In other words, the turmoil in the securities industry and the securities market will have a great impact on the domestic macro-economy.

Undoubtedly, the development of capital market has promoted the development of economic construction. After 14 years of development, China's capital market, especially the securities market, has made more and more contributions to national economic construction. It not only provided nearly 900 billion yuan of direct financing for listed companies, but also provided 210 billion yuan of stamp duty income for the country. The number of listed companies reached 1380, and the market value reached 3.5 trillion yuan. In particular, the listing of a number of large-scale backbone enterprises has made the development of China stock market more and more inseparable from China's economy. In addition, as a place to provide direct financing, China stock market has attracted more and more attention from economic experts and business people, and increasing the proportion of direct financing has become the unanimous desire of economists and entrepreneurs. Therefore, in this case, the development of the capital market plays an increasingly important role in the national economy.

In the past ten years, the establishment and development of securities market has played an important supporting role in the reform of state-owned enterprises and the development of national economy in China. It has raised a lot of valuable funds for the development of enterprises, especially state-owned enterprises, and solved the funds needed for the production and operation of enterprises. The establishment of corporate governance structure and the transformation of enterprise management mechanism have been promoted and initially realized. The original state-owned enterprises and private enterprises have been transformed into listed companies with sound corporate governance structure and efficient operation through the reorganization process of listing. At the same time, a large number of large and medium-sized enterprises have played a leading and exemplary role in the reform practice of establishing a modern enterprise system through restructuring and listing, and accumulated a lot of valuable experience, laying a good foundation for further deepening the reform of state-owned enterprises in China.

In a word, the development of the securities market has strongly promoted the deepening of the reform of state-owned enterprises, and will become an important part of China's advanced productive forces and market organization form, and always play an important role in the national economy.