Legal Regulation Of Cross-market Manipulation In Stock Market And Stock Index Futures Market

With the continuous development and innovation of the world's economies,the correlation between financial commodity markets has also been strengthened.The stocks and their derivatives stock index futures are more typical.Stock index futures itself avoids investment risks,reduces market volatility and achieves diversification.The role of investment has been favored by more and more investors.However,due to the strong correlation between stocks and stock index futures,market operators abuse trading methods to achieve cross-market manipulation in the stock market and stock index futures markets.The cross-market manipulation behavior between the stock market and the stock index futures market is more concealed and more powerful in terms of the manipulation behavior of the traditional single market.It is extremely destructive to the entire financial market and seriously jeopardizes the market.The normal operation.Therefore,China urgently needs to strengthen the legal regulation of cross-market behavior between the stock market and the stock index futures market to ensure the orderly operation of the market economy and safeguard the legitimate rights and interests of traders.The first part of the article mainly expounds the theory of cross-market behavior in stock market and stock index futures market.Based on the generation and development of stock index futures,the correlation between stocks and stock index futures and the information asymmetry of stock market are based on this.Sexual analysis,combined with the legal definition of cross-market manipulation behavior by domestic and foreign scholars,illustrates the model of cross-market manipulation,and analyzes the analysis triggered by cross-market manipulation.The second part analyzes the existing problems in the legal regulation of cross-market manipulation in China,mainly from the aspects of laws and regulations,supervision system and information disclosure.The third part of the article mainly elaborates on the regulation of cross-market manipulation behaviors in the legal system and supervision mode in relevant countries and regions outside the region,as well as the enlightenment to China's cross-market manipulation behavior regulation.The fourth part draws on the experience of overseas cross-market regulation and combines the current situation of China's financial market,and puts forward its own suggestions from the improvement of laws and regulations,the improvement of supervision mechanism and the optimization of information management system.