But compared with the bloomy commodity market , the capital market of china has big trouble in managing social resource efficiently , especially the securities market . it results in the risk concentration on the bank system which was on the key points of reform and impacts the social construction 严重限制了其社会直接融资和配置资源功能的发挥,造成社会大量资源形成储蓄和游资,一方面将风险积聚于正处于改革攻坚阶段的银行系统,另一方面对社会建设和产业发展形成较大冲击。