我国二板市场的信息风险及监管模式研究

Research on the Information Risk and Supervision Mode of China's Second-board Market

本文通过分析二板市场信息不完全、不对称现象导致的市场风险 ,以及信息风险产生的原因 ,从降低信息收集和处理成本、提高信息生产和流通效率的角度 ,提出建立一个自律与他律相契合的三级链式二板市场监管体系 ,并分别分析了中国证监会、证券业协会、做市商、保荐人、独立董事在监管体系中的信息创造和信息传导机制 ,揭示了其在降低交易成本方面的作用。

This article analyses the market risk that has been caused by the incomplete and asymmetry information provided and analyses the causes of the information risk.From the angle of cutting down the cost of information collection and treatment and from the angle of raising the information generation and circulation efficiency,this article proposes a self-disciplined and exotic-disciplined supervision system of the secnd-board market.Meanwhile the article analyses the information creation and information transmi...