On Legal Regulations Of The Lottery Market In China

For almost 20-year's development, Chinese lottery market had an important effect on the national economic construction and social development. According to the sale of lottery, much commonweal capital has been raised and which has promoted the rapid development of welfare. The capital, from the sale of lottery, not only reduces the government's financial burden, but also increases the government's financial revenue greatly. Moreover, lottery market contributes a lot in increasing employment and promoting the development of related industrials.With the development of Chinese lottery market for many years, great progress has been made, but many problems exist also in the legal regulations of lottery market in China, and which have a serious restriction to the further development of the market. From the country has a developed lottery market, it can be found that the impacts of the lottery market with perfect legal regulations on the country's polity, economy, and society are positive and significant. So, research on legal regulations of the lottery market will have great significance on promoting the development of lottery market and national economy.In this paper, in light of the successful experiences which have been carry out in the foreign countries have an advanced lottery market, researches on current legal regulations in China are carry out, to provide theoretical and practical directions and suggestions on the lottery market's legal regulations in China on the basis of the analysis of related theory about lottery market.The whole paper includes five chapters. In the first chapter, the conception of lottery is explained and lottery's characters and kinds, and then indicate the differences of lottery vs. investment and stock vs. gambling. The second chapter introduces the conception, characteristics and principles of lottery market in China, analyses the roles of nation and lottery purchasers at the process of its forming, elaborates on the its structure and operation, and discusses the problems in lottery market and the inspiration of foreign lottery market's development and characteristics to Chinese lottery market. In the third part of this paper, the problems existing in the current legal regulations of Chinese lottery market are indicated, according to research on the statutes and regulations of Chinese lottery market. In chapter 4, the legal regulations of lottery market in Britain, France and Spain are studied principally and have a comparison with that in China. The last part gives some suggestions about the lottery marker of China, and also a plan for lottery market's administration and structure, revenue system, public welfare fund system, principle of legal system and legislation framework is proposed.