摘要
中国证券市场上诸多混乱现象的出现使证券市场的健康发展备受困扰,证券市场监管陷入困境之中。证券市场监管陷入这些困境的直接原因在于政府监管承载过重,范围过宽,导致力不从心;法律监管执法不力,推脱责任,导致威慑失效;自律监管力量微薄,碌碌无为,形同虚设;社会监管不遗余力,但是茫然无助,效果有限。证券市场监管陷入困境的最根本原因是证券市场的制度性扭曲。
Many chaotic phenomena in China's securities markets have hampered the development of China's securities markets. The regulation of China's securities markets comes to a difficult position. The direct causes for the securities regulation to come up against difficulties are : the government's bearing of regulating the securities markets is so heavy, and its scope of responsibility is so extensive, that the government's ability falls short of its wishes; the securities law is incomplete, and deterrence and enforcement by courts are not effective; the self-regulation in China's securities markets is weak and exists in name only; the social regulation is active and helpless, and its effects are limited. The basic reason is that the institutions in the securities markets are distorted.
出处
《华东经济管理》
2007年第5期51-56,共6页
East China Economic Management
关键词
中国证券市场
监管困境
直接原因
根本原因
China's securities markets
regulation difficulty
direct causes
basic reason