Research To Improve The Sponsor System In Stock Market Of Our Country

Since the Reform and Opening up, the rapid economic development of thesecurities market has played an important role in our country. The issuance ofsecurities listed on the sponsor system is a significant part of the securities market. Atpresent, many countries have generally adopted the sponsor system, China has alsointroduced the system in2004, that is an important change in the development ofChina’s securities market. But in practice, the system runs the sponsor andunsatisfactory. This piece of paper is divided into four sections to elaborate system ofour country and sponsor research and make some sound advice.The first part, which is the second chapter of this paper, a brief introduction tothe background, history generated by the sponsor system, mainly on the processestablished by the sponsor system in China as well as the characteristics of thesponsor system.The second part is the focus of this article. In this chapter, the author introducedtwo highly representative cases Jiangsu "Qionghua incident" and case of“Wanfushengke”, followed by a brief description of these two cases and analysis,summarized the status of implementation of the system of the sponsor, as well asWhat are the problems in the implementation process. It is proposed to pave the wayfor the following sound advice, will focus on these issues below are suggestions toimprove.Chapter IV The third part of this article is mainly through the introduction of theUK AIM market, the U.S. NASDAQ market, the Hong Kong GEM marketcharacterized by the sponsor system, from which we can learn the advantages of thesecountries and regions to improve the deficiencies of our country. You can also learnfrom this part of the study as part of the improvement proposed in this paper.The last part, I will discuss the perfect proposal to improve our sponsor system,mainly elaborated from two levels to improve our sponsor system: to build a integritysystem to match our sponsor system and improve the civil justice system in thesponsor system.I hope that through this article to improve the system of sponsorship proposal put forward, which can effectively improve the existing sponsorship system run into theproblems, to further regulate China’s securities market, safeguard the interests of thebroader medium and small investors.