宏观视角下的全流通内幕交易规制系统

A Regularized System for Insider-Dealing at Full Circulating Stock Market in the Eyes of Overall Situation

证券内幕交易是危害证券市场发展的重大违法行为,世界各国都通过各种方式加以制止。我国正在进行股权分置改革,不久以后,全流通将成为市场的一大特点。但在新环境中内幕交易将出现新的特征,因此必须构建一个有着合理价值目标、动态、有侧重的统一内幕交易规制系统。

Insider-dealing is hazardous to the development of stock markets, and all the countries in the world try to stop it through a variety of means. China is carrying on the share-trading reform, in the near future, the most important facts which limit the development of China＇s stock market will be eliminated, and full circulation will be a great characteristic to the stock market. In this new environment, insider dealing will emerge new features. In order to stop the insider dealing in stock markets, we need to construct a unified regularized system with fair value target, which is dynamic and unified .