论我国内幕交易监管制度的完善

发布时间：2018-07-10 08:04

本文选题：证券 + 监管　；参考：《广西师范大学》2012年硕士论文

【摘要】：证券源于中世纪的欧洲,随后现代经济贸易的兴起带动商业繁荣,公司企业为满足资金需求而发行证券股票,形成了证券市场。证券市场成为实行市场经济体制的国家经济体系中最重要的且不可缺少的一部分,健康正常的市场能充分发挥其功能,实现建立证券市场的初衷,也适应和促进经济发展。但随着证券市场的繁荣,与之相关的犯罪活动也日益增加,其中内幕交易行为已经越来越多引起世界各国与地区的注意,只要有关证券、期货的立法,均会把惩治内幕交易放在首位。由于内幕交易行为会对证券市场带来灾难性的危害,尤其是随着证券市场国际化程度越来越高,内幕交易罪的发生频率越来越高,同时对这类案件调查的难度越来越大,内幕交易已不仅是一个国家的国内犯罪问题,而是越来越演变成全球证券市场面临的一个共同问题。我国证券市场起步晚,相应的监管制度也发展相对落后。特别是具体制度建设在我国监管立法中的缺失,同时也对股票市场的健康发展产生巨大影响。因此我们国家在发展市场经济的同时对于引进西方先进经济工具—证券,不但应该认识证券、证券市场的渊源与本质,更应当在制度建设上吸取经验教训,完善法制监管。本文基本结构分为四部分,分别是：第一部分,内幕交易行为概述。对与本文议题紧密关联的概念予以介绍,并概括了其主要的特征,回归到立法领域探讨限制内幕交易的依据；第二部分,内幕交易监管重要性。从证券市场基本功能以及禁止内幕交易的实效入手,重点分析股市中内幕交易的不良影响,强调监管所起到的积极效应；第三部分,我国内幕交易监管的现状。通过实践案例反思,发现现实操作的效果,从中总结我们国家在监管股市内幕交易中所遇到的困难,最重要是反思法律制度上的不足与缺失；第四部分,完善我国内幕交易监管制度的建议。对比先进国家在监管内幕交易领域的法制建设的基础上,提出了适合我国国情的防范内幕交易的制度建议。
[Abstract]:Securities originated in medieval Europe, then the rise of modern economic and trade led to the prosperity of business, companies and enterprises to meet the demand for funds to issue securities stocks, formed the securities market. The securities market has become the most important and indispensable part of the national economic system of the market economy system. A healthy and normal market can give full play to its function, realize the original intention of establishing the securities market, and also adapt and promote the economic development. However, with the prosperity of the securities market, criminal activities related to it are also increasing day by day. Among them, insider trading has attracted more and more attention from all countries and regions in the world. As long as the legislation on securities and futures is concerned, Will punish insider trading in the first place. As insider trading will bring disastrous harm to the securities market, especially with the increasing degree of internationalization of the securities market, the crime of insider trading is occurring more and more frequently, and it is becoming more and more difficult to investigate such cases. Insider trading is not only a national crime problem, but also a common problem in the global securities market. China's securities market started late, the corresponding regulatory system is relatively backward. In particular, the lack of specific system construction in China's regulatory legislation also has a great impact on the healthy development of the stock market. Therefore, our country should not only understand the origin and essence of securities and securities market, but also draw lessons from the system construction and perfect the legal system supervision in the process of developing market economy and introducing western advanced economic instruments-securities. The basic structure of this paper is divided into four parts: the first part is an overview of insider trading behavior. This paper introduces the concept closely related to the topic of this paper, and summarizes its main characteristics, and returns to the legislative field to explore the basis for restricting insider trading; the second part, the importance of insider trading supervision. Starting with the basic functions of the securities market and the effectiveness of the prohibition of insider trading, this paper focuses on the analysis of the adverse effects of insider trading in the stock market, and emphasizes the positive effects of supervision; the third part, the present situation of the supervision of insider trading in China. Through the reflection of practical cases, find out the effect of practical operation, and sum up the difficulties our country has encountered in regulating insider trading in stock market. The most important is to reflect on the shortcomings and deficiencies of the legal system; part four, Suggestions on perfecting China's Insider Trading Supervision system. On the basis of comparing the legal construction in the field of supervision and control of insider trading in advanced countries, this paper puts forward some system suggestions for preventing insider trading which are suitable for the national conditions of our country.
【学位授予单位】：广西师范大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.287;F832.51

【参考文献】