Government Regulation of the Securities Market

Author: Li Zhijun
Publisher:
Publish Date: 2005-01-01
Features: This book takes the government regulation of the securities market as its main thread, based on historical and comparative analysis, and comprehensively applies methods such as economic analysis and institutional analysis. It focuses on the practice of government regulation in China's securities market, explaining the formation and development of the government regulation system for the securities market, demonstrating the positive significance of market self-regulation for the standardization of government regulation, and offering some reflections on jurisprudence regarding the reform of government regulation in China's securities market. Over the past decade, China's securities market has achieved remarkable accomplishments that have attracted worldwide attention, and in many aspects, it has approached or even reached the level of developed countries. However, while acknowledging these achievements, we are alsoly aware of the non-standardized aspects of the securities market, such as fraudulent listings, market manipulation, and profit falsification. Undoubtedly, the standardized operation of the securities market requires government regulation, but relying solely on government regulation is insufficient. Market self-regulation has always been a crucial mechanism for maintaining the standardized development of the securities market. China's securities market has yet to fully leverage the role of self-regulation, and the limited role of self-regulatory organizations highlights the importance of self-regulation as a key support for the standardized operation of the securities market. Based on comparative analysis, this book explains the formation and development of the government supervision system for the securities market, demonstrates the positive significance of market self-regulation for the standardization of government supervision, and, through an analysis of the current state of China's securities market, seeks a path for standardized development.