Rebuilding The Securities Supervision Idea

Securities supervision idea is a kind of thought,opinion and belief about the function,the role and the aim of securities supervision, which is the key to the success or false of the securities supervision and the foundation of the securities market development. The right idea can promote and develop the securities market, however, the false idea may block or be harmful to the market.By researching Chinese securities supervision idea in history and contemporary situation and analyzing the Chinese current situation on securities supervision idea studying, the paper point out the current administrative supervision idea isn't fit with the need of Chinese securities market development, therefore, it will try to reconstruction a new idea about securities supervision. The inner and the external causes of reconstruction is distinguished deeply in the paper. The global financial crisis, which is the external facts, is the reason to rebuild the system and the idea of securities supervision in EU and U.S.A who were the developed countries, which experience and the lessons is that the error and mistake in securities supervision idea is one of the mainly causes of global financial crisis. We should draw a lesson from that. There were many problems in Chinese securities market and securities supervision effect was weak. It was show that our securities supervision idea was deviated from the need of fact. So we also should reconstruct system and idea of the Chinese securities supervision. There are great changes in our development's theory,laws'systems and security market's situations. The prior is the external facts and the later is inner facts. Both is the power of the securities supervision idea reconstruction and the later is decisive power.The new idea:"market supervision idea which centered on protecting investor's legal rights and interests"was researched carefully and deeply in this paper, whose connotation is scientific and abundant. It included two parts: one is"centered on protecting investor's legal rights and interests", the other is"market supervision idea"."centered on protecting investors'legal rights and interesting"is the first idea in the new idea, which means that the investor is the main body and original power of development in securities market, furthermore the uncertain number of investors are representing the public interesting, therefore that protecting the investor's legal rights and interesting is to protect the public interesting. The protection of investors is the center of the aim and idea of the securities supervision. Market supervision idea means that securities supervision should respect the rule and the demand of the securities market or else it will be inefficient or low-efficient. It is consist of a series of ideas including"independent supervision idea","supervision is service idea","moderation and effectiveness idea". And the first is the basic characteristic, the second is the essential demand and the last is value. The direction of development is market supervision in reform and reconstruction process. The new idea included the four ideas which is a unit one. It is urgent that to reconstructed the"market supervision idea which centered on protecting investor's legal rights and interesting".