Research On The Stock Market Stabilization Fund Legal System Construction In Our Country

Stock market stabilization fund system belongs to the one of the means of state intervention in the stock market,is a new type of securities market regulation and control tools,especially in the stock market failure and even happen crisis.Its economical efficiency or professionalism,policy,administrative dominant,financial capital and the characteristics of comprehensive adjustment means,through the operation management specialized subject,not only to the stability of our country capital market has a huge role,but also can protect the interests of small and medium-sized investors.Japan,South Korea,and China's Hong Kong and Taiwan have been used in practice in the stock market stabilization fund involvement and intervention of the securities market.At present our country has an urgent need to build system of the stock market stabilization fund,such as the emergence of the stock market failures,prevent systemic financial crisis,and protect the interests of the broad masses of investors,are introduced into the stock market stabilization fund system in China provides a necessity;Japan,South Korea,and China's Hong Kong and Taiwan as well as the practice of our country development of the stock market stabilization fund has accumulated rich experience;Especially after the 2015 crash occurred,play a role of leading the rescue of the golden company,for our country to set up the system of the stock market stabilization fund provides the best opportunity.Visible,the stock market stabilization fund system in our country,the construction and development of the conditions are ripe.Government regulators in capital market turmoil,decisive,timely intervention in the stock market through the stock market stabilization fund system,far from market-oriented reform backward,but deepened understanding of the market rule,understanding supervisors in place,to the market healthy and stable development of a kind of protection,is real respect for the market.This article mainly through to the stock market stabilization fund system of the concept and characteristics of basic theory analysis,in the countries and regions in the stock market stabilization fund outside of the practical experience for reference,combining with our country the crash occurred after the government's intervention measures,mainly demonstrates the necessity and feasibility of constructing the stock market stabilization fund system,further clarify the legal obstacles of establishing the stock market stabilization fund system in China,and give some advices to perfect the securities laws and regulations and the system idea,the full text mainly is divided into five parts to discuss:The first part introduces the basic theory of stock market flat fund system,which mainly contains its concepts,features and the theoretical basis of system construction.The second part is mainly represented by Japan,South Korea,Hong Kong,Taiwan,focuses on the practical experience of Hong Kong stock market stabilization fund system.Through the introduction of the development of outside the stock market stabilization fund system and practical situation,draw enlightenment to our country.The third part combines the actual situation of the capital market in our country,and further expounds the necessity of constructing the stock market flat fund system.The fourth part focuses on the feasibility of the construction of the stock market stabilization fund system in China,mainly includes main body,source of funds and other concrete system design,improve the legislative proposal and exit mechanism,and related to the Chinese stock market based system coordination and collaboration.The last part is the conclusion,the legal system of our country stock market stabilization fund and summarise the research conclusion of this article,the healthy development of Chinese stock market outlook.