| China's securities market from the establishment date, there has been the event against the interests of small investors, Compared with other countries, both common but also has the difference. Therefore, we need further research, domestic and international protection of small investors, in order to establish a comprehensive system of investor protection function.The securities market is a special multi-party system, the participants include: government, financial needs are, capital providers, regulators, intermediary service organizations. Between them with some of the main contradiction between the interests, thus gave rise to the interests of one party to seek damages for the other party, The most common are: market manipulation, insider trading, false information, serious damage to the healthy development of securities markets.The purpose of this paper is to create a: government, listed companies, securities companies, investors themselves, co-participation of investor protection, by law, self-regulation, market supervision, civil protection system harmonization mechanism. Effectively protect the interests of small investors, and ultimately the stock market "changes and the game."This in-depth analysis of domestic small and medium investors to protect the status quo and problems of system, based on The U.S. and UK experience of the developed protection system ,Proposed the establishment, including. Empower regulators, listed companies, securities companies, small and medium investors, market-oriented institutional investors rights protection, "five one" small investor protection system. And detailed analysis, the main within the system, information, incentive and restrictive mechanism. Innovative proposal to set up "market-oriented institutional investors rights protection." Rights issues for small and medium investors.Finally, from the six proposed in this paper, so that system can automatically adjust its organization, activities, feedback mechanisms, with time, dynamic adjustment, the overall function is greater than some of the "synergy. |
