The Security Exchange plays an very important role in the security market of our country. It is not only a place for security exchange, but also a frontal supervisor and manager of securities market. So, the legal state of the Security Exchange could be concluded in a self-discipline organization controlled by the government. due to its particularity, the legal state of the Security Exchange does not fit the development of the security market in our country, it lacks of independence and self-discipline and the membership has lost its real meaning in security market, It seriously restricts the function and its better performance.Based on the reality of the development of the security market in our country. To illustrate the basic theory and the positioning of the legal state that focus on the its relationship with the membership and companies into the market, the research on its legal role positioning and the adjustment issues of the security market has been done. Meanwhile, taking the legal state of Security Exchange in other country and region. Upon those, the thesis provides some methods and constitutions to complete the membership system, to reduce the improper interference of government, to reinforce the self-discipline function. By doing so, some benefits for the development of the security market in our own country could be expected. |