A Study On The Laws Of Supervision And Management In Securities Market Under The Chinese New Normal

The securities market is becoming one of the typical representatives of modern market economy,especially playing an important role in the economic development.2017 is the second year for China's "13th Five-Year" plan.It is a key period in the economic development in which the securities trading market especially will meet coming difficulties and risks,just like the relationship between finance and economy-the financial economic activity live,the financial stability and economic stability – addressed by general secretary Xi Jinping during the meeting of the Central Political Bureau in April 25,2017.In the current increasingly complex situation,how to maintain financial security,prevent and defuse financial risks,how to effectively supervise the securities of market,protect the stock market to efficiently serve our country's supply side structural reform and economic development,which put forward higher requirements to the securities trading market regulation.For the new situation and new problems in China's securities market appears under the new normal,securities regulators to the Commission will take a huge responsibility,as Liu Shiyu,the Commission Chairman,mentioned often in public speeches in 2017: "the Commission will perform front-line supervision duties according to law,the development of the real economy,according to a comprehensive and strict supervision".The coexistence of the overall supervision of the pros and cons,will inevitably make the Commission in the process of securities supervision care for this and lose that,accompanying the problem of concept bias,too much intervention program,etc.Insider trading has always been a chronic disease and a malignant tumor in the securities market,and it must be firmly attacked to safeguard China's financial security and guard against securities risk.IPO has gradually accelerated,the number of which will reach 500,when entering the stock market in 2017,but by May 24,2017,there is only one stock market company delisting.The number of serious unequal market delisting phenomenon,is also China's securities regulatory risk which can not be ignored.Considering the existing problems in our securities market,based on the empirical analysis,a series of regulatory measures according to the securities supervision and administration institution in China according to China's securities market 2016-2017 A stock market to come out,this paper tries to explore the exposed problems,divided into four parts.The first part aims to analyze the present status of three essential issues,that is,"Securities Regulatory Commission responsibility","insider trading supervision" and "delisting mechanism supervision".The second part is to explore and clear the responsibility problems in supervision commission,from the clear legal nature of the Commission,reasonable allocation of its regulatory functions,standardize the exercise of regulatory means,establish Supervision Commission supervision system and other aspects.The third part is designed to explore and perfect the supervision system in insider trading,through perfecting the legal supervision system of insider trading and securities regulators guarantee independence,and discusses the problems in perfecting the supervision of insider trading in the investigation of insider trading.The fourth part is to explore and improve the supervision system in the delisting mechanism,from the aspects of perfecting the listing system,perfecting the delisting standard system,weakening the government interference and constructing the multi-level platform.