Securities Civil Compensation Study

It is more than a decade since the securities market took into shape firstly. The infringements of the investor's interest happened now and then in practice . Under the legal liability system of thinking highly of public law and underestimating the private law, the investors who were aggrieved relief to recover their damage with Securities Act in China. On January 15 this year, Supreme People's Court of PRC promulgated the judicial interpretation, which would deal with civil compensation on securities market because of false statement. The thesis explores into some countries' successful practice whose compensation system has developed well. Meanwhile, the author analyses the practical reality in our country and put toward some preliminary advice, aiming at the development and perfection of the securities system in China. Beginning from the procedure of securities compensation system, the author comes up with his own idea about some hot topics ,such as mode of litigation, jurisdiction of law court, judicial prepositional system ,and so on. What's more , this paper discussed some problems relating with substantial law, for example, liability principle, cause and effect, damage calculation, etc. Consequently, this thesis generalizes the securities system. As the malpractice in the securities are complicated, how to balance the procedural justice, substantial justice and protection of middle investors, small investors, is considered to be a problem concerning all the time for regulators, judge and scholars.