Analysis On The Legal Sytem Of The Regulation Of The Securities Market

This thesis is to analyze the regulation of the securities market from the perspective of institutional economics. Actually, the issue of regulation of the securities market is a traditional research topic in the legal field, and there are a lot of work papers on it which contribute a lot to the development of legal system of China as well as the standardization of China securities market. Undoubtedly, however, a lot of new problems occurred in past years and still existed in our current securities market. That means we may not , at present, find an effective resolution to fix the current problems. Under such circumstances, the goal of this thesis is to, by applying the method of institutional economics, effectively analyze the hidden problems existing in China securities market, and consequently find a better way to resolve the aforesaid problems.This thesis includes the following chapters:Chapter I The premise of this thesisThis chapter is mainly to analyze the premise on which this thesis is based. The concept of securities will be hereby discussed from the various kinds of point of views, and author will conclude the basic characteristic of securities market. In author's opinion, there are three premises in a securities market to determine a market entity's behavior which is self-interest intention, limited rationality, and action cost. The aforesaid three elementals determine...