The Securities Industry Self-regulation System Study

The securities industry is the main supply of securities,the main business and the main three-in-one of the main demands of reunification. The securities industry is the financial industry in the important industry. The development of the whole economic development is of great significance. Its like any other economic industries, the securities industry's development is inseparable from the national health monitoring, but more importantly it is their internal self-discipline. Character self-value and significance. State organs of self-regulation and self-management organizations collectively constitute the securities industry and regulatory system, the two complement each other and complement each other.Self-management system is a system of self-management, self-discipline is the core of the configuration and management of the operation. Self-discipline in the management of public-private nature is a mixture of power, a legal source of its creation, commissioned by the Government and to let the lease. Self-management, including the right to regulate the content of the development rights, the right to self-regulation, punishment and the right to dispute resolution rights. Self-management system is based on economics, law and sociology based on the basis of Law. The right to self-management has also been the development of national, social and cultural aspects of the constraints.At present,the world's leading capitalist countries in the securities industry self-management model can be divided into three categories: the United States as the representative of the self-management model to the United Kingdom on behalf of the self-management mode and to Germany, France, represented by self-management mode. Whatever the mode attached great importance to self-regulation in the securities industry's position and role. Each model has advantages and disadvantages are, relatively speaking, the American model more worthy of our reference.There are many problems with China's securities industry self-discipline management system : The law gives national regulatory authorities excessive powers; autonomy of self-management organizations shortage of self-management organizations governance mechanism is not perfect; personnel for lack of self-discipline, self-government culture and character deficiencies. We should vigorously improve China's securities industry self-discipline management system: In accordance with International Organization of Securities Commissions Construction of the report of self-discipline and efficient management system to improve the financial supervision and management of self-discipline and a reasonable system of separation of powers; optimize scientific and effective management of the securities industry self-regulatory mechanism; To provide a stable funding and supply of high-quality personnel security; foster self-discipline of cultural awareness.