The Research Of Securities Market Self-regulation

With the development of economy, the securities market has made further development.But because of the security market and related content of securities, stocks and bonds andother financial securities, market is quite complex, so. For the supervision of the securitiesmarket has naturally become an important part of the securities market, securities marketregulation into the securities market self-regulation and government securities marketregulation. Observation and analysis of each country’s securities market regulation, most ofcountries adopt the government supervision mode. For research and the self-regulation of thesecurities markets are rarely involved. Investigation of the self-regulation of the securitiesmarkets in the US is not difficult to find in the study of legal analysis on less. At present,countries in the world for the supervision of the securities market are more and more inclinedto consistency. For the supervision of the securities market began to use governmentregulation and self-regulation of two modes. The emergence and development of China’ssecurities market full of government are based on the reform of state-owned enterprises andthe. Therefore, regarding the stock market supervision by government regulatory agencies,securities market self-regulation organization is a kind of form, and did not playself-regulatory functions. The observation of successful international securities marketsupervision mode, not only pay attention to the government regulation of securities market,but also more and more importance to the development of the securities marketself-regulation. As China’s securities market government regulation after a period ofdevelopment is already quite mature, but as the stock market supervision system has not beendeveloped. Our country should improve pay more attention to the securities marketself-regulation mode. China’s securities market self-regulatory organizations including theSecurities Industry Association and the stock exchange. Power functions of the two securitiesself-regulatory organization to improve. Now the international attention not only a mode ofregulation of securities market, but also to combine, two models of supervision so, ourcountry not only to further improve China’s securities market government regulation, but alsoto strengthen China’s securities market self-regulation mode.The article is divided into four parts:The first part is the basic content of the securities market supervision to carry on theresearch analysis. Basic knowledge of first introduced the securities market self-regulation isthe basic definition, this part mainly studies the definition of the concept, the securities market self-regulation characteristics and the main mode of type. The relationship anddifference between second simply analysis between the stock market self-regulation andgovernment securities market regulation, two models of supervision should play its rolebetter for the development of the securities market service in modern securities market.Finally, analysis of advantages and disadvantages of self-regulation of securities market. Asthe securities market self-regulation has its advantages must also has its disadvantages.The second part mainly on the analysis of some major countries of the securities marketsupervision system and for China’s securities market self-regulation system and itsenlightenment. This chapter is divided into two parts, the first analysis of the United States ofAmerica, England, respectively to study German and Japanese stock market self-regulation inthe background, development process and current problems. Finally, the influences ofdifferent national stock market self-regulation system can bring us the followingenlightenment: pay attention to the training of autonomous cultural securities marketdevelopment and the formation of self-discipline idea; according to the development statusquo of China’s securities market to develop a relatively perfect securities laws and regulations,should also be securities laws and regulations of China’s securities market supervision andimprove their matching securities self-regulatory regulation; securities market supervisionand market self-discipline two modes should be a clear division of authority.The third part analyses current situation of China’s securities market self-regulation andproblems. The first part of this chapter in the history of the evolution of China’s securitiesmarket regulation process; secondly, the second part focuses on the analysis of China’ssecurities market development situation of self-discipline supervision at the present stage,including securities market self-regulation of the legal basis and the self-regulation of thesecurities markets function; finally, the main contents of the Chinese securities marketdiscipline regulatory problems.The last part studies how to improve China’s securities market supervision system. Thelast chapter has analyzed China’s securities market supervision existing problem, in the lastpart I perfect countermeasures put forward to solve these problems.