Object of Market

In the aspect of the Object of Market , the audiences was growing with differentiating within the group , and showed some different characteristics in consumption .

在市场客体方面，观众群体日益壮大，群体内部分化加剧，并表现出不同的消费特征。

The level of liquidity is an important criterion to measure the quality of the stock market , also is an important object of the market microstructure theory study .

流动性水平的高低是衡量股票市场质量的重要标准之一，也是市场微观结构理论中一个重要的研究对象。

On the other hand for market efficiency the operation object of trading market is just the minimum operation cost not including the investment ( or capacity ) cost .

投资市场只能通过交易市场的竞争实现回报，但为保证市场效率，交易市场的运作目标又只能是运行成本最小化，而不能包括任何投资成本。

The service object of second board market is the small and medium enterprise , especially high-tech enterprise .

二板市场服务对象是中小型企业特别是高新技术企业。

The ultimate object of the stock market is to properly allocate fund . Whether the fund can be distributed efficiently or not relies that pricing efficiency and operation efficiency are high or low .

股票市场的最终目标是合理配置资金，而资金能否得到有效配置则取决于定价效率和运行效率的高低。

The research object of the capital pricing theory that it is another branch of finance is what factor decides the price . The research object of market microstructure theory is how to decides the price .

对比金融学新兴发展的另一分支资产定价理论，资产定价理论是研究证券价格由什么（what）决定，市场微观结构理论和证券市场交易制度的研究对象是证券价格是如何（how）决定。