翻译一下，有急用

Multi-level capital market system is the quality, scale, different degrees of risk enterprises, in order to meet diversified market players and the capital requirements established at the level of the market system. As a listed company share-trading reform of the basic completion of China's securities market has begun to enter the full circulation era, China's capital market has been the stratification of the initial start, however, this new and still in the transition stage, the market fundamentals remained weak against And defuse the risk of self-regulatory mechanism has not yet fully formed at the same time, the huge size of China's national economy and the level of rich, the growing social and financial assets and the continual development of capital market demand, the common calling of the multi-level capital The arrival of the market.