Li Ye Gang V. HUAWEN Media On The Civil Liability Of Misrepresentation

Since the establishment of the new China's securities market in 1986, China's security industry is the rapid development of increasingly diverse variety of securities transactions, significantly increasing the amount of investment. At the same time, the perfection of legal system of securitie s is an urgent task. Legal system of securities is the basis of a sustainable developing security market. In recent years, in the securit y market, due to misrepresentation caused b y litigation frequent penalty in the fight against crime, administrative penalties can play a role in standardizing the market order, but they are difficult to make up to the maximum extent bona fide investment by the loss. False representation in civil cases,investors spend time and money on litigation to obtain a compensation for their losses whether they related to their pay and reward is proportional to how compensation. So how accurate and reasonable compensation must face the issue of the administration of justice, the key purpose of the administration of justice, Securities Act "protect investors" core essence.