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Study Of Innovative Securities Market Regulatory System

Posted on:2003-11-27Degree:DoctorType:Dissertation
Country:ChinaCandidate:B HuFull Text:PDF
GTID:1116360065962076Subject:Sociology
Abstract/Summary:PDF Full Text Request
Based on the economic and Iegal theory with a fOcus on the literatUre of financiaI and securitiesreguIation and information disclosure, and by introducing and incorporating the latest researchfindings on the Western Innovating Stock Market, this dissertation employs comprehensivemethodologies such as the systematic, empirical, comparative, the dynamic analysis and thecombined analysis of the theory and practice to provide a systematic and thorough discussion onthe regulatory issues of Innovating Stock Market, to put forward some viable proposals in anattempt to contributing to the theoreticaI buiIdup for the improvement of the reguIatory system ofChina's InnoVating StOck Market and to providing some concrete and effective measures for thehealthy development of China's Securities market.The dissertation comprises five chapters, first two elaborate the theoretical fundamentals of thethesis while the other three deal with the specific regulatory systems of the Innovating StockMarket.ChaPter l conducts an in-depth research into the connotation, characteristics, functions and thedevelopments of the Innovating Stock Market and its current establishment in China.ChaPter 2 studies the generaI theory of the regulation of the Innovating Stock Market including thegoaI and the model of the regulation as weIl as the substances and procedures of the reguIation.ChaPter 3 focuses on the information disclosure mechanism of the Innovating Stock Market. Theauthor analyzed the basic principles and the features of the information disclosure of thelnnovating Stock Market and compared the information discIosure mechanisms among the majoroverseas Innovating Stock Markets, and then made proposals on how to improve the informationdiscIosure mechanism of Shenchen GroWth Enterprise Market (GEM).Chapter 4 explores specifically the regulatory systems of the share issuing and listing in theInnovating Stock Market, which mainIy deals with three issues: the first issue is the choice of thereguIatory modeI of the share issuing in the Innovating Stock Market, the author demonstrated themerits of the registration system model and provided options for China's regulatory modeI of theshare issuing; the author then elaborated and analyzed the issue of the regulation and theexamination and approval of the share listing in the Innovating Stock Market and the issue of thereguIation of the intermediary institutions for listing.Chapter 5 addresses the regulatory system of the trading in the Innovating Stock Market. ByanaIyzing the attributes and mechanisms of the trading in the Innovating Stock Market and1delineating the relationship between the target device of the securities trading system and thereguIation of the securities trading, the author held the view that that the measures of theregulation of the trading are means by Which the conflict between twets of securities tradingmechanisms can be coordinated and resolved.Overall, this dissertation made the following contributions to the knowledge of the field:1, by identifying and analyzing the inherent defects in the wording of" second board' and"groWth enterprise market", and based on the intrinsic features of these tWo concepts, a newconcept of "innovating stock market" was introduced and its connOtaion and features werescientificaIly defined.2, by comparing and summarizing the Varous Yegulatory systems of the innovating stock market,the author synthesized some regularities and featUres of the regulatory syStCms of the innovatingstock market which are different from that of the traditional stock market.3, Built upon the research findings and having taken iniO account China's unique context, theauthor put fowt proposals and suggestions fOr the improvement of the ropulatory system ofChina's innovating stock market.
Keywords/Search Tags:urban finance, innovating stock market, growth enterprise market, regulation
PDF Full Text Request
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