In the last half of 2001 , the indexes of china stock market continued to go down , which indicated that the investor lacked confidence in stock market and that china had not set up a normal system to predict the stock indexes properly 2001年下半年以来的市场持续低迷，说明投资者对资本市场缺乏信心，说明中国资本市场还没有形成一个正常的预期机制。
For the time being , banks no longer trust other banks enough to lend them money except on onerous terms ; equally worryingly , they lack confidence that other banks will trust them if they want to borrow 此时此刻，有些银行对其它银行信任不足，除非后者愿承担过重义务，否则难予放贷；同样令人担忧的是，这些银行也对自身借贷时会否获得其它银行的信任而缺乏信心。
The tax treatment is unfair among different businesses and different tax - payers . the abnormal taxation certainly results in the abnormal development of the bank and securities industry . the difference between the taxation of china bank and securities industry and the foreign taxation that include the taxing scope , the abstraction and materialization of taxation , the taxation operation , the sanction and transparency of tax law , the seriousness of taxing administration and tax policy choice , not only provide the opportunity for the foreign finance institution which can carry out tax planning , moreover tax equity , but also likely lead to that the foreign finance institution lack confidence to china market and policy , finally affect its investment and result in tax unfairness among tax - payers 长期以来，我国财政与金融的特殊关系使得财政对银行业实行“特殊”的税收政策，银行业整体税负高于制造业以及非金融性的服务业，中资金融企业税负高于外资金融机构，过重的税负使得银行资本充足率难以保证，发展失去后劲；二是我国银行业和证券业税制结构不合理、税制不规范、不科学，银行和证券业内部不同行业、不同纳税人之间税收待遇不公平，畸形的税制必将导致银行与证券业的畸形发展；三是我国银行业和证券业税制与外国税制的差异，包括征税范围大小、税制的抽象化与具体化、税制的可操作性、税收法律约束力和透明度、税收执法的严肃性等差异，不仅给外资金融机构进行税务筹划甚至偷逃税提供了可乘之机，而且还可能使得外资金融机构对中国市场、对政府政策缺乏信心，而影响其投资，也导致纳税人之间税负不公。
