国内证券市场自律监管问题分析

Analysis on the Self-regulation in the Domestic Stock Market

证券市场自律监管主体包括三方面:证券业协会、证券交易所在内的自律性组织;证券公司、证券投资咨询公司、会计师事务所、律师事务所等在内的中介机构;市场发行主体和交易主体。一个完善的自律监管体系应是三方面都能做到自我约束、自我监管。要达到这种效果,需要通过以下措施:完善证券市场法律法规,提高违法成本;完善相关机构的内部治理;提高自律性组织自律监管能力,理清权责关系等。

The self-regulation system in the stock market consists of three main areas： the self-regulatory organizations, including the securities association and the stock exchanges; the intermediaries, such as securities companies, securities investment consulting firms, accounting firms, law firms, and the release nainbody and the transaction mainbody. A comprehensive self-regulatory system should be that three aspects are able to regulate their own behaviors, and it is achieved by perfecting the securities market laws and regulations; improving the internal management of the relevant bodies; promoting the regulatory ability of the self-regulation organizations, and increasing the illegal cost clearing off the power and responsibility relations.