On Comparing The Regulation In Law Of Bond Market Between China And Other Countries

The bond market is a capital market that exists high risk, and it is also the financial market to provide the public products and to combine the closely-related communication with the investor benefits, so the healthy development of the bond market must take the aptness regulation that the government carry on in law. Analyzing the regulation of bond markets of other countries, the trend is deregulation and strengthening supervision, and at the same time strengthening the regulation of financial risk. Compare with it, for late development of our bond market, and with the development be carrying on by the government, so it express the characteristics of strict regulation. This article exactly carrying on the research by comparison, discussing the law system of our bond market from mechanism, law system and contents, and then putting forward the advisement to improve lawmaking of bond market in our country.The text is divided into five totally.Chapter 1 analyzed the basic concepts of regulation in law of bond market. The first part defined the bond market first, then on foundation of analyzing the characteristics of regulation, this article defined the regulation in law of the bond market, and then distinguished supervision and regulation. The second part of this chapter analyzed the reason why the bond market should be regulation, and thought the creation of regulation of the bond market is not only for making up and correcting the malfunction of market, but also is the outcome of the game between various interest groups. The third part of this chapter combines the theories of the economics regulation, and divided the essential element of regulation in law of bond market into the mechanism of regulation, the law system of regulation and the contents of regulation.Chapter 2 is comparison analysis of regulation in law of bond market. This part analyzed the lawmaking regulation system of American, the self-discipline regulation system of British, the special regulation systemof France and the mechanism of regulation in law of Chinese bond market, and analyzed the advantage of the lawmaking regulation system lies in easy coordination by unify management, but the weakness is the work efficiency not high and the regulation of market is excessive; Compared with it, the self-discipline system is difficult to coordination; And the special system is moderate. The mechanism of regulation of our country is very alike with the lawmaking system of American, so it's needed to be taking into the reform in the aspects of strengthening the self-discipline management and promoting international cooperation.Chapter 3 is comparison analysis of law system of regulation in bond market. This part compared the law system of regulation of bond market between America, England, France and our country, the American lawmaking system is perfect, and the force of law is high; British lawmaking disunity, and regard the self-discipline regulation as principle; France then adopt a centrist course. Compared with it, the lawmaking of our country is perfect and rigorous, but the system is disunity, the force of law is lower.Chapter 4 is comparison analysis of contents of regulation in law of bond market. This part inquired into the contents of regulation in law of bond market between United States and China, and carried on thorough research from the market admittance, the price regulation, business scope, and the management behavior and risk management. The regulation in law of American bond market presents to the characteristics of relaxing the overall regulation and strengthening the regulation of pivot, but compared with our country, it is still expressing the characteristics of strict regulation.Chapter 5 is The concrete suggestion of perfecting the regulation in law of bond market in China. This part puts forward the concrete suggestion of perfecting the regulation in law of bond market of our country. The mechanism of our country should strengthen self-discipline management, perfecting unified supervision; the reform of the law system...