The Issuance Of Securities Regulatory Legal System, A Comparative Study

The issuance system constitutes one of the most important parts of security market, which is also under strict supervision by the government sectors concerned. This paper mainly adopts the study in six parts on the legal system in the securities issuance supervision. The first part is preface. It indicates that the research is based on the material theory and the significance of practice. In the second part, the paper explores conceptions of securities issuance as the basis for an expanded exploration on the securities issuance supervision. Part three touches the general theories of securities issuance supervision, involved in the basis of economic theory and the fundamental of law. Part four is devoted to the discussion of questions related with the legal system in securities issuance auditing. With the analysis and comparison of its registration system and auditing system, this paper briefs approaches to the securities issuance auditing system, and comes to pieces of suggestion for the further improvement of the system. Part five conducts a further academic study on China's securities issuance auditing system in line with the history and current situation of China's securities issuance supervision, and analyses the civil liability on auditing system and sponsor system. Part six puts forward the existing problems of China's securities issuance supervision. Combined with the latest supervision trends, this paper analyses how to establish and perfect the legal system of China's securities issuance supervision. Finally, the conclusion of the whole paper is put in the last part.