Comparative Study Of "Insider Trading Crimes" Between China And American

The development of the securities market is an important manifestation of social and economic development. And economic crime is often associated with economic development attendant. US fight has been nearly a hundred years, the efforts of the past century. Although this does not completely eliminate the securities crime, but on the control of securities crime, especially the crime of insider trading has been supporting the legal system is quite perfect. Since The Chinese stock market generated at 1990s, experienced by the blind disorderly development to the present stage of relatively standardized, but compared with US securities regulatory regime, there is a considerable gap. Since the reform and opening up, china introduced the securities to leveraging economic development. But the stock market is a double-edged sword, securities fraud, insider trading and other criminal acts even more rampant in the domestic legal system.Similar to the US stock market in the 1980s, our country is in a period to crack down on insider trading crimes, a large number of insider trading event emerging in the securities market. But China on existing crime of insider trading criminal regulation, there are many defects, such as the definition of inside information as defined, it is not clear whether the information itself should be true and correct.This article is trying to clarify the basis of "insider trading". And then, we will take the shaped system and theory in America for a necessary reference, according to the existing governance of "insider trading" in China, to explore a better way that in line with China’s national conditions to prevent and govern "insider trading", from the standpoint of the maintaining the order of financial management.