世界证券监管体制比较与中国的模式选择

The Comparison on Worldwide Security Market Regulation and the Model Selection for China

证券市场是最富魅力的经济领域之一,但在快速发展的同时,也存在着较大的风险,一旦风险得不到有效地控制,很容易引起连锁反应,从而引发全局性的、系统性的金融危机,并殃及整个经济生活,甚至导致经济秩序混乱与政治危机。因此,如何加强监管、控制风险具有重要的理论和现实意义。从证券监管体制这一角度出发,在比较了世界证券监管三种主要体制的基础上,对中国证券监管体制的演变进行了分析。

Security market is one of the most fascinating economcs fieds however, there still exist many risks. Once the risks cannot be controlled effectively, they will cause a chain of reactions and lead to overall systematic financial crisis, which may bring economic disasters and cause political disorders.Therefore, how to control risks and strengthen security market regulation is very important in both theory and reality. The paper compares three main systems of worldwide security markets and analyzes the system of Chinese security regulation, pointing out the problems and the suggestions.