Institutional Analysis on the Risks of Chinese Security Market

In the developed and rising market economy countries, financial risks have happened frequently. And every time they happened, the whole economy fluctuated heavily, In current Chinese finacial market, there are not only the usual risks that the developed countries have, but also the institutional risks during the economic institution transition. The authors analyze those risks through the D.C. North's theory of institutional change, find the causes and give the way to deal with the risks.