Research On The History Of The Stock Market Supervision System In Hong Kong

When the opium war broke out in 1841,Hong Kong became a British colony.The arrival of Britain brought about a series of capitalist economic systems,which led to the formation of the stock market in Hong Kong since the middle of the 19 th century.After more than one hundred years of development,the Hong Kong stock market has become an important part of the international stock market and made an important contribution to the development of the world's capital market.In terms of historical development,the formation of the Hong Kong stock market supervision system is not achieved overnight,the Hong Kong stock market in the one hundred years of development will suffer great crash every few decades development reality,make its regulatory system also gradually improve after all previous crash.So far,the Hong Kong stock market has formed an advanced regulatory system with clear division of labor,distinct regulatory rules,advanced regulatory concepts and unique regulatory modes.Therefore,studying the stock market regulatory system in Hong Kong and learning the good practical experience of the system in its development can play an important role in the healthy development of the mainland stock market.By studying the history of the stock market regulatory system in Hong Kong,this paper hopes to summarize the historical evolution process of the system in a concise,complete and concise manner.This paper is divided into six parts:The first part,introduction,explains the reasons for choosing to study the evolution of the modern Hong Kong stock market regulatory system,the reasons for choosing the time range of the evolution of the system,and the current research status.The second part,first,explains the stock market,makes the definition,carries on the elaboration to the stock market constitution.Second,explain why the stock market needs to be regulated.Finally,the existing regulatory system of the stock market in Hong Kong is introduced,including its regulatory bodies mainly including the SFC and sehk,as well as a series of regulations,rules and codes.The third part describes the evolution of the Hong Kong stock market regulatory system from 1965 to 1990.First,it briefly introduces the formation of the Hong Kong stock market and the initial scattered voluntary constraints of stock brokers.Secondly,the outbreak and causes of the first stock market crash in Hong Kong since its formation,the consequences of the stock market crash and the preliminary regulation of the Hong Kong government on the stock market.Thirdly,the formation,development and improvement of the stock exchange system are described in this paper.Finally,this paper introduces the legislation of Hong Kong stock market concentration after the stock market crash.The fourth part summarizes the experience of the evolution of the regulatory system of the Hong Kong stock market.The fifth part,the evolution process of the Hong Kong stock market supervision system formed by the experience of evaluation,analyzes the Hong Kong stock market self-discipline supervision which is formed by the combination of government supervision regulation enlightenment to the modern stock market regulatory system design.The sixth part,the conclusion,introduced the mainland stock market development status,explained the mainland stock market study Hong Kong stock market regulatory system good foundation.