论文部分内容阅读
自从1929年美国发生股灾以来,世界范围内的证券监管演变为一种潮流。其中以美国为代表的若干国家更是建立了专门的证券监管结构,并赋予其充分的证券市场监管权,美国的联邦证券交易委员会就是其中的典型代表,该机构不仅是统一管理全国证券市场的最高行政机构,而且还享有一定的立法与司法权。由于采取了严格的监管措施,美国的证券市场被誉为是全世界最有秩序和效益的证券市场。我国对证券市场的监管也采取了由专门机构进行监管的模式,中国证券监督管理委员会行使对证券市场的监管权。但是,我国证券市场所出现的一系列混乱现象似乎说明在我国监管权的有效性问题还没有得到解决,并促使我们不得不思考这一问题。
Since the stock market disaster in the United States in 1929, the world’s securities regulation has evolved into a trend. Among them, some countries represented by the United States have also established a special securities regulatory structure and given them full regulatory powers over the securities market. The U.S. Securities and Exchange Commission is one of the typical representatives of the U.S. Securities and Exchange Commission. It not only manages the securities market in a unified way The highest administrative body, but also enjoy certain legislative and judicial power. As a result of strict regulatory measures, the U.S. securities market is reputed to be the most orderly and effective securities market in the world. China’s supervision of the securities market has also adopted a mode of regulation by a specialized agency. China Securities Regulatory Commission exercises the power to supervise the securities market. However, a series of chaos appeared in the securities market in our country seems to indicate that the issue of the validity of the power of custody in our country has not been solved yet, and this has forced us to ponder this issue.