During The Transition Period Of China's Securities Market Regulatory Concept Of Evolution

The subject studied in this article is a fully new thesis, which analyzes the security business regulation and the evolution of the idea during the turnaround period of China with the theoretical tool of institution economics that hasn't been tried in the previous research. The institution of the security regulation is enclosed by the majority of present research only a few of which do some research in the idea. Nevertheless, this article still attempts to study the evolution of the idea of the security business regulation recurring to the institution variance theory of institution economics and validate the conclusion of this article through probing into the root of the regulation institution.The author tries to give answers to the following four questions: (1) the characteristics of the security market and the importance of the idea of the regulation of this market to the regulation of the security and the market itself. (2) the inner link between the idea of the security market regulation and the regulation institution; (3) the partition of the phase and the evolvement trait of the idea of the regulation during the turnaround period; (4) discussion on the development direction of the idea of the regulation of the security market through enumerating the theory and data proving. The author considers the idea of the regulation of the security market as the guide and the foundation which influences every sector of the regulation and exists all over the process. The market is not perfect during Chinese turnaround period, on which the influence of the traditional planned economy cannot be eliminated in a short period. The supervisor still has the psychological incline and behavior inertia that an owner owns. The role of the supervisor and the dominator are often mixed and alternated. With the deepening of all the reforms, especially the improvement of the practice of the market itself, the idea of the regulation of the Chinese security market is in a process of continuously adjustments and efforts in reaching increasing returns in marginal utility. Under the condition of the market being more perfect and mature, the ideas of the regulation of the security market will gradually modernize and transform towards the direction propitious to the security market itself.This paper are divided into 7 chapters. Chapter 1 is an preface.Chapter2 to chapter 6 is an analysis about the thought of the regulation on security business in our country from the period of reform and opening to the present, which is divided into five periods. In each period, the analysis follows the same frame: from analyzing the background of the form of the regulation thought ,to analyzing the practice of the regulation under that regulation idea, then to analyzing the problems induced by it ,and last to appraising that regulation idea as a whole. Chapter7 comes to conclusions. This chapter also analyses the performance of regulation idea put on security business in our country, put out the development direction of regulation idea on security business and the conditions needed, and, at the same time, poses some problems in theories and practice as a further research case.