证券法律监管国际化发展趋势分析——以证券上市监管为视角

An Analysis on Internationalization of Securities Regulation

内容肇始于2007年下半年的美国次贷危机愈演愈烈。2008年10月,金融危机全球蔓延,证券市场全面暴跌。之后,美国、欧盟、英国、俄罗斯等以及中国联手救市。11月,20国集团在美国举行"金融市场与世界经济峰会",并发表《华盛顿声明》。全球通力对抗金融危机,加强合作成为共同的声音。因此,讨论证券市场及监管的国际化问题尤为必要。本文通过分析证券市场国际化表现及成因,阐述国际化监管的必然性,进而探讨监管国际化的发展趋势,以期对我国证券监管,乃至全球合作提供一些分析和判断。

US subprime turmoil, which started in March, 2007, has turned into a worldwide financial crisis. Securities market becomes more and more internationalize. To counter the adverse effect of the crisis, countries like America, EU, Britain, Russia and China made joint endeavors to bailout the securities markets. In December, the G20 Summit was held in US, publicizing Washington Declaration. Against the backdrop of joint efforts to fight the crisis, the issue of internationalization of securities market and its supervision becomes more prominent. This paper, by analyzing the evidence and cause of internationalization of securities market, concludes that the internationalization is inevitable and discusses the trends and how to facilitate China＇s markets and markets worldwide.