Securities Issued Legal Issues Studied

In recent years, the rapid development of securities market in China has experienced unprecedented prosperity, also experienced international financial crisis. Because of the secondary market prosperity ,Many theoretical articles involves securities trading behavior research , such as manipulation of price ,securities trading behavior research, and involves legal system construction and securities, securities civil liability system. But theoretical articles about securities issuance are rarely. The idea is bad for the development of the securities market. In view of the above situation, the legal system of securities issuance and the related concepts and legal nature of law is analyzed. This article focuses on the current legal system of securities issuance and the relevant provisions, and puts forward suggestions and opinions with actual situation in China.The first part focuses on analyzing the concept of securities issuance, and analyzes the legal relationship based on the definition of securities issuance. Then on the basis of analyzing controversial view, discuss the legal nature of securities issuance further, and puts forward the author's ideasThe second part referrers the securities issuance examination system. First, the classification of securities issuance system were discussed, and the issuance examination system and operational procedures are discussed too, and the specific details of the comparative perspective in the United States, Britain and other countries of the specific system audit system operation procedure, to China's securities issuance examination organizations, procedures and standards of the specific issues, finally, discusses the rationality of the current approval system.The third part is about mandatory information espousing. The first defined information espousing insecurities issuance, analyzed the characteristics and the value about securities issuance, then t then whether the espousing of information in abroad should be abolished is discussed, finally discussed the necessity of the existence of information espouse, and analyzed the nature of law.The fourth part is about the sponsors system. Firstly, discusses the substantive conditions that the sponsor have, and then discusses the sponsor's duties and legal status; finally put forward the corresponding suggestion for our country.The fifth part is involving securities civil liability. First, based on the theory of civil liability for claims of comparative analysis, the author, then the application of civil liability of the securities law make further demonstration, finally several typical illegal behavior insecurities issuance of several typical illegal behavior are chose discussion.