The Research Of Securities Market Self-regulation

Securities market occupies an important position in China's economic development. The supervision of the securities industry can be divided into government regulation and self-regulation, both a division of labor, and jointly safeguard the healthy development of the securities market. China's securities markets are set up under the guidance of the government, and the government regulation has occupied a leading role in long-term at the securities regulatory system, self-regulation did not receive the attention it deserves, that has seriously hampered the healthy development of China's securities market. With the further development of market economy, self-regulation will play a greater role in the maintenance of the normal order of china's securities market, in the promoting of the prosperity and development of the securities market.This article is divided into five chapters. The first chapter introduces some basic concepts of the securities market regulation, starting with the mode of regulation of the securities market, and then explore the origins of self-regulation, concept of self-regulatory ,and analysis the strengths and limitations of it, in the end ,it analysis's the mutual relations of government regulation and self-regulation. Chapter 2,it analysis's the four legal characteristics of it, and then it demonstrates the existence of reasonable from the perspective of economics and sociology. Chapter 3, it analysis's the Status of China's securities market self-regulation and the problems of it , pointing out that China should build a sound legal system, to cultivate self-discipline of culture, focus on the authority of government moderate supervision and strengthen its self-regulation aspects. Chapter 4, the main analysis on China's securities self-regulatory mechanism in the course of development and current situation analysis of the current self-regulatory problems, pointing out that the powers of government regulation is too large, self-regulatory body is less than authoritative, self-discipline rules practical problems such as lack of interoperability. Chapter 5, after summarizing the analysis draw on the successful experience of developed countries, combined with the reality of our country ,some suggestions was proposed to build a reasonable balance between government regulation and self-regulatory, and establish self-regulatory authority, and enhance self-regulation of specific measures.