Research On Legal System Of Securities Insider Trading Regulation In China

Insider trading actually has been existed in the security market when it is set up, not only does it jeopardize the interests of investors,but also do the harm to the security market. China introduced the Securities Law to monitor insider trading. Although there are some achievements, the actual effect is not good. In China, prohibiting insider trading has not been solved. The reason comes form the defects of legal system of securities insider trading regulation. So it is important to improve legal system of securities insider trading regulation,which has been an urgent task for China.Firstly, this article make a specific introduction of legal system of securities insider trading regulation in China, contains that the legislative authority of the regulation of securities insider trading, as well as the fundamental situation of legal system of securities insider trading regulation. Secondly, this article analyzes the defect of legal system of securities insider trading regulation. contains that the defect of the preventive system in advance,supervision system in process and the punishment system afterwards. Thirdly, this article analyzes the legal system of securities insider trading regulation in developed countries,absorbing the advanced experience of supervise institution of insider trading in developed countries. Lastly, this article put forward improvement views of legal system of securities insider trading regulation. contains that consummating the insider trading behavior standards,combining the advantages of governmental supervision, improving legal system of self-discipline regulation, establishing effective information disclosure system as well as report bonus system,enhanced political penalties, determine punishment reasonably ,perfecting the insider trading civil compensation system of China and so on.