Research On Legal Regulation Of The Price Monopoly In Pharmaceutical Industry In China

At present,China's economic development has entered a new normal stage.With the deepening of supply-side reform,the problem of high inventory and high productivity has been initially solved,but high leverage is still an important problem in China's economic development.Over-indebtedness of local governments is an important reason for the high leverage of China's economy,and the governance of local government debt has become the focus of the current economic system reform.In order to resolve the local government debt crisis and establish a long-term and effective local government financing mechanism,the Budget Law was amended in 2014,and the local government bond issuance was regarded as the only legal channel for local government financing,thus the local government financing mechanism of our country entered the transition period.Under the system of incompatibility between local government power and financial power,local government bond financing mechanism is positioned as an important tool to relieve local government financial pressure and resolve local debt crisis.As the practice of local government bond financing mechanism in China is relatively short,there are "congenital deficiencies",and it faces a series of difficulties in practice.The operation of local government bond financing mechanism urgently needs to be guaranteed by legal means.On the one hand,the legal regulation of local government bond financing will help to solve the problems in practice and establish long-term effectiveness.Local government bond financing mechanism,on the other hand,is also the need to resolve the debt crisis of local government and solve the problem of high leverage in economic operation,which is of great significance.This paper first expounds the general theory of the legal regulation of local government bond financing,clarifies the basic connotation and characteristics of local government bond financing in China,discusses the legal basis of local government bond financing,and defines the basic goal of legal regulation of local government bond financing mechanism.Secondly,through the analysis of the current local government bond financing laws and regulations in China,it is found that the existing local government bond financing laws and regulations have some problems,such as the Limited main body of local government financing,the low degree of marketization of local government bond financing,and the insufficient protection of investors' rights and interests.Thirdly,aiming at the main problems existing in the current legal regulation of local government bonds,this paper investigates the American legal regulation system and Japanese local government bond financing system,which have rich experience in local government bond financing practice,and draws corresponding enlightenment.Finally,based on the public and private legal attributes of local government bond financing,this paper puts forward a specific way to regulate local government bond financing by using a variety of laws,and puts forward the current solutions to the problems faced by local government bond financing in China.Based on the above ideas,this paper systematically studies the legal regulation of local government bonds.