对中国资本市场的法律规制之设计

A Design for the Legal Regulation of China's Capital Market

中国资本市场上的法律规制问题,可将其划分为主体和行为两大方面。在主体方面,呼唤企业社会责任的回归,能确保企业具有良好健全的法人治理结构。而在行为方面,资产证券化是今后中国资本市场上的发展方向,债转股应作为中国资本市场上法律制度化的关于债务重组的救济方式。一个成熟的资本市场,必然蕴含着正义的法律理念,贯穿着良好的法律制度。

The problem of legal regulation of China's capital market can be divided into two major aspects-the main body and the action.The main body calls for the resumption of social responsibility of the enterprises to guarantee that they are well qualified for lawful operations. In action, asset mercerization is the general trend of development in China's capital market. Turning debts into shares should be adopted as a way to relieve debts in our efforts to institutionalize China's capital market. A mature capital market presupposes proper legal concepts and a perfect system of laws.