我国创业板市场监管法律制度研究

Research on the supervision of the legal system of gem in China

我国创业板市场推出四年来成绩显著,但仍存在上市公司减持次数过多、小股东权益受损严重、退市规则有名无实等问题。究其原因,实为立法层级较低,监管模式设计不明,投资者维权途径匮乏所致。对此,应在《证券法》中专章规定创业板内容;分阶段设计创业板市场监管模式,改进监管措施;推出多层次资本市场联动制度;尽快出台相关司法解释,建立投资者适当性制度。

China＇s GEM market four years of significant achievements, but there still exist some problems in listing Corporation, reducing excessive holding times small shareholder rights severely damaged, delisting rules exist. Investigate its reason, it is the lower level of legislation, supervision mode design is unknown, investor protection approach due to lack of. To this, should be in the ＂Securities Law＂ do poineering work board the content in chapter; phased design gem market supervision, improve the regulatory measures; launched linkage system of multi-level capital market; the introduction of relevant judicial explanation as soon as possible, establish the investor eligibility system.