Legal Research On Systematic Risk Prevention In Securities Market

During the decades of the development of the securities industry,many countries,including developed countries and developing countries,have encountered serious systemic risks.In order to dissolve the crisis,these countries have paid a great price.The periodicity of the market will also cause the periodic outbreak of the financial crisis,which seriously hinders the development of the world economy.At the same time,the rapid development of virtual economy in recent years,market volatility and systemic risk lead to the frequent occurrence of financial crisis in the world,not only caused damage to the virtual economy,but also expand to the real economy,resulting in the international economic downturn.Therefore,it is very important to strengthen the prevention of the security market system.This paper makes a study on the macro and regulatory aspects of systemic risk in China's securities market,including the reasons for the formation of the securities market,the methods of prevention and measurement.The development of China's securities market in 2015 is unstable,because although it has experienced more than thirty years of development,China's economy has developed rapidly and the social situation has changed rapidly.The securities market is still a special new market for our country.Through analyzing risk prevention related systems in the developed countries found the serious deficiencies in the securities market risk control,and analyses the deficiencies,finally according to its inherent defects put forward the corresponding improvement measures,hoping to play a positive role to the development of the securities industry in our country.This article is divided into six parts,the first part of the introduction,the main introduction of the background and significance of this study,and the domestic and foreign scholars on the securities market of the systematic risk of different views are briefly combed,and finally to study the content method and innovation.At present,the turmoil of the securities industry threatens the development of the whole economy.At the same time,the reform direction of China's marketization has given us the task of the times,thus strengthening the prevention of the crisis;the second part describes the general description of the concept,the characteristics and the connotation of the systematic risk in the securities market,and carries out its measurement method and model.In the third part,in the third part,this article mainly takes China's 2015 stock disaster as the research object,briefly introduces it,and combines the views of each family,points out the causes of the disaster in our country,and the relevant legal policies and wind control mechanism issued by the government during the period of the disaster,and has carried out the effect of the rescue of the market.The fourth part introduces the extraterritorial experience of systematic risk prevention in the securities market.It gives a brief description of the distribution system,the regulatory system and the delisting system in the United States.At the same time,we also learn from the regulation of the regulation system after the subprime mortgage crisis in the United Kingdom,and finally to the related wind of the International Securities Association.The fifth part describes the shortcomings of our country's system and measures in the rescue of the city,including the imperfect,unreasonable government and self-discipline organization supervision and the lack of macro prudential supervision mechanism in our country;the sixth part is the countermeasures to prevent the risk of the securities market in our country.According to the problems existing in the fifth chapter of the security market risk prevention,the corresponding solutions are put forward,hoping to have a certain guiding significance on the wind control in China.