基于监管视角的中小投资者保护

Research on the Protection of Small and Medium Investors from the Perspective of Supervision

我国中小投资者权益保护存在问题突出表现在信息不对称、投资者回报机制不健全、中小投资者权利意识淡薄、法执行力较弱等几个方面;监管机构也陷于执法手段有限、稽查执法人员不足、力量薄弱等困境。完善中小投资者保护一是要加快监管机构转型,加大执法力度,提高违法成本;二是要强化市场主体信息披露的法律责任,建立健全信用平台;三是要优化投资回报机制;四是健全投资者适当性机制,加强教育,提高风险意识;五是保障中小投资者行权与维权的便利性。

Some factors affect the protection of the rights of china＇ s small and medium investors, such as ： asym- metric information, imperfective system of investors＇ return, weak risk sense to small and medium investors, and lower performance in law execution, etc. Meanwhile, the regulators find themselves in a tight corner because of limitation in law enforcement measures, shortage of law - executors, and weak power in law performance. There- fore, in order to improve the protection for small and medium investors, we should do as follows ： firstly, the regu- lative agencies need to speed up transformation, enforce the law more strictly and make higher cost to law - break- ers. Secondly, the government should strengthen the legal responsibility of market subjects on disclosing informa- tion, establish and perfect the credit platform. Thirdly, the mechanism of investors＇ return should be optimized. Fourthly, the regulators should perfect an appropriate investment mechanism for investors; provide more invest- ment education for them, and strength investors＇ risk sense. Lastly, more convenience should be provided for small and medium investors to exercise or defend their rights.