Construction Of Securities Class Action System In China

Since1990s, Our country’s stock market growed out of nothing, from infancy to maturity, the magnificent course which entered the market from nobody cares into all the people interest. No country ever had the pace of development,but we should also see the legitimate rights and interests of securities investors have repeatedly been listed companies Infringed. That effectively protect the legitimate interests of the investors in securities is an inevitable requirement to maintain the healthy development of the securities market. In order to maximize relief investors’ legitimate rights, the countries around the world had carried out a useful theoretical exploration and judicial practice. American class action system, the German group litigation system and selected parties system in Japan had their advantages and disadvantages. It has great guiding significance to the sustainable development of the securities market that how through theoretical study and gradually build a suitable relief system for China’s national conditions.This paper is divided into four chapters besides preface. Chapter One is the basic theory of group litigation, through introduce group litigation elementary theory and understand the concept and classification of the group litigation and the scope of group litigation that laid a theoretical foundation for the below study;Chapter Two make a detailed introduction on American securities class action system including the legal basis, the judicial practice and the advantages and disadvantages of the Class Action System; Chapter Three is overview of the development of China’s securities civil actions,making a concise overview of the current Securities civil litigation system and assessing the judicial practice of China’s securities civil litigation system; Chapter Four makes proposals on construction of China’s securities class action, through the introduction of the necessity and feasibility analysis of the securities class action, proposed improving our country representative action system’s feasible suggestion.