The Moral Criticism Of Insider Transactions Of China's Stock Market

Stock market (Securities Market) is the capital to a certain stage of economic development, the product is to solve the contradiction between supply and demand of capital and liquidity arising from the financial markets, securities issuance and trading of places. Insider Trading is the insider who has violated the relevant provisions of laws and regulations, use of inside information trading in securities or trading securities recommendations made to the behavior of others, the general term. Insider transactions referred to as insider trading (insider trading/insider dealing), is associated with securities market in the development of a universal phenomenon. Seriously violated the securities markets open, fair and just principle, violations of the equal right to know the majority of investors, and property rights in proceeds, making the formation of stock prices and indices lost timeliness and objectivity, seriously affecting the securities market functionsnormal play, is a typical securities fraud.Value judgments from the perspective of ethics, it is a violation of insider trading fair, denial of justice, the loss of integrity, induce social credit crisis, contrary to their conscience, violate the law, win, lead to extreme individualism and opportunism, the breeding of money worship ideascontempt for the ethics of market Transactions, provocative behavior and moral strength conditioning. Therefore, we must severely criticized, firmly crack down on outlawed.The generation of China's insider trading is due to the legacy of the socialist market economic system reform issues, securities trading system is imperfect, the information disclosure system is not standardized, market supervision not effective, means of attack is not strong enough punishment, actors, low moral sense ofresponsibility weak due to other reasons.To improve stock market trading system, on the whole should be Germany and France simultaneously. First, China should strengthen the existing system of securities transactions "moral legislation", perfect information disclosure system, build credibility securities trading system, the establishment of the Securities and Exchange accountability system, improve the ethical system of financial securities, the securities market morality "moral legislation. "Second, it should be established the principle of honesty and trustworthiness, "Three Opens" principle, law-abiding principle, Righteousness unity, justice and benefit both the ethical principles and effective trading guidelines, and by remodeling a good moral environment of securities trading system, strengthen ethical trading securitiesoversight mechanisms that will enhance the moral character of the main securities transactions to establish a reasonable concept of money and the correct values for the final stop and eliminate insider trading reinforce the foundation.