On The Perfection Of Legal System Of China 's Securities Investor Protection Fund

Securities market investor protection has been development a long time. The most representative is the Securities Investor Protection Act of United States in 1970 and accordingly set up a securities investor protection fund. The establishment of Chinese Securities Investor Protection Fund has the its own characteristics of age, along with the process of reform and opening up, the rapid development of the securities market, the damage to the interests have become increasingly prominent. In order to protect the interests of investors, China promulgated the "Securities Investor Protection Fund Management approach" in 2005 and established the securities investor protection fund. In the development of more than 10 years, the protection fund play important role to promote and regulate the securities market developers, but also exposed the chaos in practical operation. This paper attempts to explore the protection fund, referring to overseas operation experience of developed countries, find out the existing problems and puts forward some improvement suggestions. This article is divided into three chapters: In the first chapter, the basic situation of the securities investor protection fund is described, the background and significance of the protection fund will be introduced. The second chapter will analyzes how the international community of the securities investor protection fund operation, and will analysis protection fund from its internal governance, fund sources and so on, to pave a way for the following suggestions for the construction of China’s protection of the fund. The third chapter focuses on the analysis of the problems existing in the Securities Investor Protection Fund in our country, and puts forward some suggestions on the improvement of this. As soon as possible to establish a complete and unified Securities Investor Protection Act, the board of directors members to join the stock market industry representatives and public representatives, referred to the provisions of the existing legal system to established director rotation, as soon as possible to improve the refinement of securities company level evaluation criteria, in investors payment refined classification of the investors group, strengthen the protection fund regulatory work, strengthening the self-regulation of the securities market, at the same time, improve the relevant supporting measures of investor protection.