证券诉讼在中国:适用前景与改进方略

On Securities Litigation in China:the Application Prospect and Improvement Strategy

作为证券市场中的一种纠纷解决和法律执行方式,诉讼的优点包括市场相容性、灵活性、分散性、公开性等。尽管其功效受到了制度性的压抑,但要在中国进一步展开证券诉讼,已经有了相当的制度和学理准备;从现实环境看,诉讼的展开也会对社会秩序产生较为积极的影响。在推进完善诉讼机制时,要注意克服法院层面的制度性消极因素;通过公权和私权结合的方式来推进,以契合中国国家权力主导的基本格局,加强改革的可行性。

As for disputes settlement and law enforcement in the securities market,litigation is a superior approach in many aspects such as being compatible with market,flexible,private-driven and open.Due to institutional restrictions,its effects have not come into full play but the academic and system supports are well prepared.Given the actual market circumstances,litigation has more positive effects on social order.In promoting securities litigation,negative institutional factors from courts should be avoided,and combination of public power and private rights should be enhanced so as to coordinate with the State power dominated society and to strengthen the reform feasibility.