Non-mutual Aid System Innovation And Supervision Of The Stock Exchange

Non-mutual aid system, stock exchange has become the global financial industry, an important part of the reform, non-mutual aid system, the reform of the stock exchange has its profound social causes and theoretical basis, accompanied by non-mutual aid system, the operational mechanism of stock exchanges on innovation also led to the entire financial services innovation. There is a need for innovative mechanisms for their interaction analysis and research. At the same time, non-stock mutual aid system, in addition to the innovative global financial markets, while it also brings great challenges on the regulatory, the reason is that non-mutual aid system, Stock Exchange and the Stock Exchange, compared with the traditional system of mutual aid。The basic values, to establish purpose, self-regulation, and many other aspects of public property and the Stock Exchange has created an enormous conflict and that only reasonable solution to these conflicts, the Stock Exchange Demutualization of the road before they can achieve. This article explores a profound analysis of a non-stock mutual aid system, brought about by contradictions and conflicts, including the potential and have been valued by all countries, but also to countries in the world of non-mutual system of stock exchange regulation, for example, conclude that deal with these contradictions and conflicts. Made through self-discipline and regulation adjustments, can effectively control the conflict And resolve contradictions. While the global non-mutual system reform in full swing, but because of China's securities market is far from perfect, China's stock exchange has also been in the administrative system and a membership-based dual role, this reality is not suited to China's stock exchanges directly the implementation of non-mutual aid system reform, is like a baby is not thrown into the sea bathed in general. However, we can still from around the world to learn from the non-mutual aid system reform of China's stock exchanges need to refine some of the content, especially for enhanced self-regulation. So as to make China's stock exchanges to cope with the future of competition in the financial markets to do some necessary preparations.