证券市场投资者保护新机制探索

Exploration of Innovative Mechanism in Investor Protection

保护投资者利益是促进证券市场健康发展的基础性工作。近年来,证券监管部门和有关各方都十分关注并积极推进投资者保护机制的健全和完善。2013年5月和2014年7月,中国证券投资者保护基金有限责任公司先后担任了万福生科和海联讯两个虚假陈述事件投资者利益补偿专项基金的管理人,高效率、高质量完成了对众多适格投资者的补偿工作,开创了我国证券投资者保护的新模式,是对证券投资者保护新机制的有益探索。以专项补偿基金为模式的新机制是一种可复制推广的模式,在今后证券市场投资者利益保护工作中将会发挥重要的作用。

investor protection is fundamental for promoting healthy development of securities market. In recent years, securities regulators and other relevant authorities have been concerned with and working proactively to establish and improve the securities investor protection mechanisms. In May 2013 and July 2014, SIPF successively acted as the administrator of the investor compensation fund with respect to Wanfu Biotechnology and Hirisun＇s misrepresentations, and compensated eligible investors in an effective and excellent manner, which initiated a new approach of securities investor protection and explored beneficially a new mechanism of securities investor protection. The new mechanism based on special compensation fund is a reproductive and expandable model and could pay an important role in the prospective securities investor protections.