On China's Securities Class Actions System

The security market of China has shown its implacability in effective allocation of resources and advancement of socialist market economy. The issue to protect the profits of investors in security market is the core issue of all. The misunderstanding in security laws and supervisions leads the attenuation of the mechanism to protect the legal rights and profits of the investors. If there is no innovation in the civil action mechanism, the civil liability for infringement of right will not be effectively judicially solved and thus the investors' right can not be protected. This thesis starts from the definition to securities class actions, carries out an analysis for theoretical basis for related to securities class actions, procedural justice theory and litigation right theory. Based on a comparative study on securities class actions mechanism abroad and at home, the author probes into the existing problems in the current representative action when it is applied. At last, from the angel of protection of the profits of the investors, rooted in the national situation, construct the securities class actions mechanism with socialism of Chinese characters.