The International Cooperation And Coordination Of Regulatory On Cross Listing

Cross listing makes the securities market develop cross border,but the securities regulatory which is characterized by jurisdiction within territory cannot satisfy,so with the anarchy the regulation conflict develops.The following methods are used in the papers:the two level game,charts,statistics,illustration and so on.The regulatory conflict is in fact a problem of the interest conflict between the nations.Under the globalization,neither nation could resolve the conflict problem oneself.Under the global governance,the international cooperation and coordination of regulatory which is joined by multiple subjects and formed multi level Cooperation and Coordination is springing up.The Cooperation and Coordination of regulation conflict is verified by the hard cooperation and soft cooperation.The rigidity of the hard cooperation cannot satisfy the need of the global governance,but the flexibility of the soft cooperation,which does more effectively than the hard cooperation in the resolution of the regulatory conflict,makes itself spring up in the Cooperation and Coordination.The international soft law plays an important sole in the global governance,too.However,the soft cooperation brings the new imperialism,the USA and the other developed make good use of the soft cooperation to export the regulation model,ideology and so on,by the which they intend to monopoly the draft of the international rule.Under the Americanization or others,the developing is to suffer the risks of marginalization,so including the China,the developing should cooperate and coordinate with the developed when meeting the conflict problem in the cross listing,but also need resist the new imperialism with strategies.