Study Of Securities Market Supervision System In China

Security market has played an important role in modern economic system. Since its birth, and studies on security market came into being accordingly. But most of these studies are limited to two aspects: one is macroeconomic analysis of the importance of security market in economic development; the other is microeconomic analysis of price formation and fluctuation in security market. As for studies on securities market supervision, there is almost nothing. But for most developing countries, it is the government who initiates the security market, which makes detailed and appropriate theories of securities market supervision a necessity to act as theoretical guide for the government. My thesis is based on both the theoretical and the practical needs. Below is the outline of it:The first chapter is foreword . Elaborate the practice meaning and background of selection of subject, study content and method.Chapter 2 is an analysis of the necessity of securities market supervision, which supplies a solution to the question that why the security market should be regulated. Generally speaking, theories of securities market supervision originate from public interest theory. So at the opening of this chapter, there is a brief introduction of public interest theory, followed by its adaptation in securities market supervision. The argumentation on manipulation in security market, asymmetric information and externality leads to a conclusion that supervision is indispensable in order to achieve an efficient security market. Then this chapter analyses the aim, the rule, the means and the content of securities market supervisionChapter 3 is an analysis of the problem of the pattern.This chapter studies the problem of the institution must follow by the study of the problem of the pattern,because the institution is macroeconomic and the pattern is microeconomic.The pattern is more unfixed than the institution. This chapter studies the patterns of securities market supervision, and supplies a solution to the question that how should the security market be regulated. This chapter discusses the strength and weakness of each pattern and their adaptation in different countries as well as the inclination of identity in securities market supervision pattern among different countries. As a conclusion, this chapter points out that whatever pattern a country follows, it should pay attention to both the importance of Chapter 4 studies the problem in security market supervision pattern in China .Some unadaptiable or unharmonious problems between the patterns of supervision and the institution of supervision because many supervision institution have drawback in the primary stage of the Chinese security market. This chapter recalls the development in security market supervision pattern in China, and investigates the problems in current security market.Finally, chapter 5 provides some advice to improve the efficiency of supervision.In a word,it is easier to apply for the Chinese security market supervision institution so long as we constantly improve the pattern of security market supervision in China.