A Legislative Study Of The Stock Investor Protection Fund System

The protection of investors'rights and interests is regarded as the most important thing in the developed capital market. Especially the protection of small investors is not only the core of the supervision in security market, but also the key to the sound capital market. At present, the main way of the risk compensation mechanism of stock market in the world is the investor protection fund system. In our country, the fund system still belongs to a kind of system innovation. In order to improve this fund system, it is necessary to study the successful experience internationally for reference. This article focuses on the comparison between the foreign developed investor protection fund systems with ours and puts forward some proposals to improve the legislative system and mechanism of Chinese investor protection fund.The whole article consists of three parts: preface, main part and ending. The main part is divided into five chapters.Chapter 1 is about the legislative value and theoretical definition of stock investor protection system, points out the theoretical causation of the stock investor protection fund system.Chapter 2 concerns the damages of"false stockjobber"problem and the administrative solution, points out the realistic causation of the stock investor protection fund system.Chapter 3 introduces the history and meanings of investor protection fund system in domestic China and abroad.Chapter 4 compares the protection fund system domestically and internationally and gives some suggestions on improving our existing investor protection fund system according to Chinese stock market.Chapter 5 gives some suggestions to complete the investor protection fund system. It includes 3 aspects: firstly, establish the education, supervision and litigation system based on investor protection fund system; secondly, design the comprehensive investor's protection fund system of capital market; thirdly, complete the rules of stockjobber bankruptcy.