Study Of Stock Market Government Regulatory System

The securities market is an advanced form of market economy and an important mechanism of the rational allocation of resources, playing more and more important role in the modern market economy. Under the guidance of the principle characters "legal system and institutions,regulation,self-discipline, and standardization", China's securities market has been more than 10 years of history and has obtained regarding significant progress. But as history, institutions, mechanisms and other reasons still exist between the various non-standard, especially in the "emergingincreases transition" background, how to establish the correct supervision and regulation, how to choose the appropriate regulatory approach, the autonomy of the main areas of the market, such as how to define the problem appears to be particularly important.This paper discussed the issue not only from the experience already gained experience, but also rooted in the theory of sublimation. The drafted ideas and logic is structured as follows : first, the concept of and changes in the government securities market regulation outlines two levels, with a view to establish a corresponding macro background knowledge. Secondly, the theoretical foundation of government regulation. That from the economic analysis constituted a failure of the government securities market regulation based on research from the perspective of law, the law does not provide a complete theory of reasonable supervision from the government demonstration.Third, the regulatory inspection on the basis of the mature Western markets, summarized concentrated, and self-regulatory approach and middle three. Meanwhile, in light of the new Securities Law focused on the control and analysis of the existing combination of self-regulation and the CCA. Finally, on the basis of the basic ideas of regulatory reforms in China. Based on the existing regulatory system that the regulatory concept, regulation and supervision of the main positioning errors, we should adhere to market-oriented reform ideas from entities that procedures must be in accordance with the law . Reinventing government, while credit to gradually restore confidence in the entire stock market.