我国券商交易行为中的诚信原则重构研究——基于信赖义务的视角

On the Reconstruction of the Good Faith Principle of Transactional Behavior of Chinese Security Companies:A Perspective of Fiduciary Duty

从美国规制券商行为的信赖义务视角而言,我国的券商法制建设还存在诸多不足,集中体现在券商交易行为规制的基本原则即诚信原则上。探索并借鉴信赖义务及其衍生的"招牌理论"是规范我国券商交易行为、建构完整社会主义证券法律体系的必由之路。在券商行为规范上,我国一方面必须在法理层面对诚信原则采取整体解释、主客观统一的解释以及特定化解释的立场,另一方面还必须在相关制度层面对现有的各层级规范加以广泛修改,以全面贯彻诚信原则。

In view of fiduciary duty,Chinese legal regulation on the securities companies is defective in many aspects,which is reflected mainly in the basic principle of the regulation of the behavior of security companies,i.e.the good faith principle.Therefore,it is necessary to analyze and draw lessons from the conception of fiduciary duty and its derivative theory for the regulation of the behavior of Chinese security companies and the perfection of the securities law system of China.To be specific,China should adopt the holistic interpretative rule,the unified subjective and objective interpretive rule and specific interpretive rule in the jurisprudential explanation of the good faith principle.China should also revise the existing related rules at all levels to implement the good faith principle.