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Research On The Behavior Of Information Manipulation Securities Market

Posted on:2020-05-06Degree:MasterType:Thesis
Country:ChinaCandidate:Y X DingFull Text:PDF
GTID:2416330572494413Subject:legal
Abstract/Summary:PDF Full Text Request
In the background of networking and informatization,the development and financial products of the securities market are further innovative in the integration of the new generation of information technology on behalf of the cloud computing,large data and Internet of things.Accompanied by the market manipulation behavior is also evolving,information manipulation cases are increasing.And it has the characteristics of diverse purposes,broad subjects and innovative means.In contrast to other manipulative measures,it presents a trend of concealment and hybridization,which has been one of the most important problems in the securities industry in our country.This paper analyzes the current situation of system and behavior of information type manipulation in securities market,on the basis of defining the concept and classification of information type manipulation in securities market.By comparing with existing illegal behaviors in securities market,this paper defines the identification of information type manipulation in securities market and clarifies the difficulties in identification.And also put forward perfect suggestion for market behavior of information manipulation securities.The specific text includes the following four parts:The first part is the conceptual basis of information-based securities market manipulation.First of all,it is clear that information-oriented manipulation of securities market behavior refers to the behavior of making profits by artificially influencing or controlling the generation,disclosure,dissemination and dissemination of information and making use of the influence of information on the trading price of securities market.Secondly,the categories are divided by dimensionality such as the authenticity of the information,the variability of the behavior subjects and the complexity of the behavior.The second part,the article combs the current situation of information-based securities market manipulation.First of all,in terms of the current system status,through comparison with the relevant systems of the United States,the European Union,Japan and the United Kingdom,the current laws and regulations of China cannot exhaust the existing information manipulation.In addition,there are deficiencies such as lack of identification standards,single structure and imperfect responsibility system,which need to be further improved.Secondly,in the aspect of behavior expression,the paper summarizes the new characteristics ofinformation manipulative behavior: the diversification of subjects,the diversification of types and the concealment of patterns.The third part,this article to the information-based manipulation of securities market behavior.Initially,this paper analyzes the similarities and differences in the identification of information-oriented securities market manipulation and false statements,insider trading and fabricating and spreading false securities information.Then,deconstruct of information-based manipulation of securities market behavior components.Finally,it points out the difficulties in identifying the behavior of information manipulation in securities market.In the fourth part,the author puts forward some Suggestions to standardize the behavior of information manipulation in securities market.First of all,establish a clear identification system of information manipulative behavior,and clarify the definition,constitutive elements,causal relationship,identification standard and legal responsibility of manipulative behavior.Secondly,improve the laws and norms of information manipulation.Third,strengthen the market supervision of information manipulation behavior,from two aspects of information disclosure management and investigation and punishment.Finally,we should attach importance to the application of information technology,strengthen the construction of network security,and create a fair,orderly and safe trading environment.
Keywords/Search Tags:Market Manipulation, Information-based Market Manipulation, Financial Regulation, Information Identification
PDF Full Text Request
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