Studies On Self-Regulation Of Stock Exchanges In China

Securities market, as an important part of the capital market, it play a decisive role in the economic development of countries. However, the stock market is of high risk and it will directly relate to social stability. Therefore, the securities market has always attached great importance by the States. Looking around at the securities regulation models, they are the unity of the self-regulation based on stock exchange as the center and administrative supervision. And the self-regulation of stock exchange occupied an increasingly important role in the whole securities regulation system. Looking around securities regulations from our current situation, the government accounted for the administrative supervision of the absolute dominance, while the stock exchange is a serious absence of the self-regulation system, resulting in the overall supervision of securities market efficiency is not high. The reason is mainly the lack of mature, healthy stock exchange self-regulation mechanisms, and led to the practice of stock exchange in securities regulation seriously attached to the Commission, and other administrative regulatory agencies and the lack of real self-discipline. Therefore, a sound self-regulation mechanism of our Stock Exchange has important practical significance. I choose to stock the whole self-regulation mechanism for the perspectives, based on the status of China's stock exchanges self-regulation mechanism and main drawbacks, with the analysis of its causes and reference about the mature experience of stock exchanges abroad, and then put forward Perfect Stock Exchange self-regulation mechanism of specific proposals.