关于做市商的讨论历时已久,但今年两会期间该话题又被人们重新提起,在多层次资本市场建设方面,做市商显然被人们看好。但如何设置监管机制,在监管方面应做好哪些准备,监管层面的研究似乎不多。本文对股票市场做市商监管现状、监管面临的难题以及如何完善监管措施展开了分析,以期对做市商的移植有所帮助。 The discussion on market makers has been going on for a long time, but the topic has been reopened by people during the two sessions this year. It is clear that market makers are optimistic about the construction of a multi-level capital market. However, how to set the regulatory mechanism and what should be done in terms of regulatory aspects does not seem to be much on the regulatory level. This article analyzes the status quo of the market maker supervision in the stock market, the problems that the supervision faces and how to improve the supervision measures in order to help the market maker to transplant.