The Study On Legal Regulation Of Financial Derivatives Market In China

Financial derivatives emerged during the global financial innovation in the 1970 s and 1980 s.It was a new financial instrument derived from traditional financial products.But because of the financial derivatives itself features such as leveraged,future-oriented,virtual sex makes itself exists great risk,if not to regulate the application,will be to a country's economy and even the global economy bring serious impact and damage.The global economy has been hit hard by the financial risks of the famous us subprime mortgage crisis.The development of the market and economic progress must be synchronized with the supervision of financial derivatives,so as to avoid irreparable impact.Throughout the financial derivatives market regulatory status quo,for the management of financial derivatives itself is necessarily on the institutional shortcomings: first,in the aspect of information has been obtained for such market,due to the transparency of information itself does not have enough,but investors can obtain information clearly can't match the current regulatory standards.Second,the rating organization associated with no tightly controlled,often under the condition of strong in its autonomy are not appropriate or not for a correct evaluation,it is also not conducive to manage the financial derivatives of realistic factors.So,promote strengthen supervision practice in this field,especially in setting appropriate system from the aspects of law,and to avoid financial derivatives between economic development and legal regulation is not synchronized development caused by the imbalance of become the direction of our current research.At first,this paper tries to from different periods and different countries regions of the supervision and management of multiple perspective on the issue of the inquiry,and from every possible system with the characteristics of the system of the different connotation,on the issue of many disadvantage worldwide are summarized.The necessity of strengthening supervision and management on the last question and reference to other countries on the issue of relatively mature practice on the question of legal regulation in the financial derivatives in China to put forward the Suggestions and countermeasures of the current actual situation in our country.