我国居民储蓄及其转化投资的效率分析

改革开放以来，我国居民部门的储蓄（以金融储蓄为主）大幅增长。但由金融机构和证券市场等金融部门的储蓄向投资转化的结构不合理，大量储蓄资金投向了效率不佳的国有企业部门，转化效率低下。改革中出现的经济低效率的高增长与此不无关系。因此，相应的改革势在监行。

Analysis of the Effeciency of Transferring Household Savings to Investment in China

Since the beginning of economic reform,the household sector has experienced a remarkable growth in savings.Among the household savings,the finance savings is the major party.But the structure of transferring from savings to investment through the medium of financial institutions and securities markets is irrational,which directs a lot of saving money to inefficient state-owned enterprises,and the efficiency of transferring is inferior.There is some certain relations between it and the high speed economic growth with low efficiency during the reform.So,the relevant reforming measures should be inevitably carried out.