Analysis Of The Security Investors Appropriateness System In Our Country Securities Market

Securities investors appropriateness system originated in the United States,the institutional is already an indispensable part of regulating the relationship between investors and securities company rights and duties and is the most effective means to protect investors in the mature securities market.Although stock index futures has launched in our country securities market in2010, managements have taken increaseing serious of the construction of securities investors appropriate system and have issued a "On the establishment of a stock index futures investors appropriateness of the provisions of the system (try out)". Accordingly, zhongjin futures exchange and the China futures association also connected with its regulatory practice promulgated the provisions of the detailed rules for the implementation of the concrete,However, the detailed rules for the implementation of the provisions also just limited to reveal the risk level, and not really reach investors appropriate institutional the essence, moreover have not formed integrated unified whole with appropriate institutional investors of other industries. In view of this, this paper make our country as the base point, to discuss institutional and evolution of securities investors appropriate legislation practice with the double perspective from home and abroad, and based on our country securities market new and the development of the transition actual, on the basis of analysing some typical cases from mutual market like America, Japan, the European Union and Hong Kong, China, Taiwan area and so on the successful experience in legislation of the securities market for securities investors appropriateness system system, and proposes a number of Suggestions and countermeasures to construct and perfect our country securities investors appropriateness system.