Functioning capital stratagem is related with enterprises' competing capability.

运营资本战略关系到企业的竞争力。

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It is already considering the merits of getting a functioning capital market to sit alongside the banking system.

ECONOMIST: But in Asia they will take time to build

We are now at a point where it is almost impossible to imagine a functioning capital market without an oversize role for government.

FORBES: The War For U.S. Capital Markets

Mario Francescotti, a senior manager at Morgan Stanley in Hong Kong, argues that the infrastructure for deep, well-functioning capital markets cannot be built without the participation of the dominant banks.

ECONOMIST: But in Asia they will take time to build