The Study On The Administrative Compensation Liability System Of The CSRC Violating The Company's Listing

Since the reform and opening up,China's securities market has been developing rapidly and continuously improving.This is not only closely linked to the open market economy,but also a manifestation of the vigorous development of China's financial market.At the end of last century,with the global economic integration,the continuous refinement of the social division of financial bonds,provides an effective way for the development of social financing,the use of social idle funds,bonds and stocks to use,is conducive to the promotion of the internal restructuring of enterprises,optimize the efficient allocation of resources,but also can better absorb foreign capital.We can constantly increase the financial resources of the country and serve the national economic development.The securities market is becoming more and more prosperous,but the legal provisions supporting it are not perfect.Especially,as a market regulator,the CSRC does not play its role well,resulting in a gap between China's securities regulatory agencies and the prosperity and development of the stock market.The power supervision system under the original system is not complete,and there is no detailed provision for the administrative compensation liability for the inspection of the CSRC.If it is not regulated,the inaction and arbitrariness of public power will damage the normal development of the securities market.In this paper,a case is taken to lead the performance of the CSRC's violation review.After that,the regulations on the administrative responsibilities of the CSRC violations are introduced in detail,hoping to draw lessons from other countries' experience to build the administrative responsibility of the CSRC's violation review.Specific ideas are as follows.The first part shows the background and significance of the study,pointed out that the innovation of this paper is to build the company listed in the CSRC of illegal audit of administrative responsibility,although our country has administrative responsibility provisions,but the CSRC review of the regulations on the one hand,there is no specific provisions.The second part mainly discusses the necessity of the CSRC's violation review and the responsibility for administrative compensation,and further explores the reasons why the CSRC violits the rule of law in the company's listing.The third part describes the current situation of administrative compensation inChina,and points out that the CSRC should bear the status of the administrative compensation liability in the examination of the violation.The fourth part is mainly the reference of foreign experience,through the classic Madoff case leads to the other National Securities Regulatory Commission administrative compensation liability provisions.The fifth part is about the construction of the administrative compensation liability of CSRC violation auditing,mainly through the optimal allocation of the supervisory authority of the CSRC and constituent elements and so on,to establish our related system.