中国股票市场场外配资监管机制研究

发布时间：2018-05-30 02:33

本文选题：配资 + 监管机制　；参考：《长春工业大学》2017年硕士论文

【摘要】：本文首先从股票市场场外配资的产生背景、内涵及其国内外研究现状着手,阐述了股票市场场外配资的发展现状及其与场内配资比较,了解配资在2015年迅速扩大,其规模影响到股市的健康平稳发展,因此在2015年6月中旬证监会大规模整顿清理配资。并从分析了场外配资当前的监管现状,得出股票场外配资监管当前处于空白,当前的配资清理依据的法规规定也只是依据证券法的相关法律,除此之外还存在监管无序,监管主体责任不明确,针对场外配资的监管机制不健全,没有形成统一有效的预防监管机制。因此结合股票市场场外配资监管现状,笔者根据金融监管机制提出了针对配资监管的监管框架并从构建了监管流程模型。最后运用评价指标体系从监管主体环境、法律法规、制度环境三个主要方面建立了评价指标体系,由于指标的评价过于模糊本文从指标组成要素因子对股票市场场外配资监管环境进行了评价。并得出在当前场外配资监管法律法规不健全、针对配资门槛要求等制度没有统一标准、配资监管主体即证监会、银监会、保监会三者对场外配资监都有责任,但是依法履行监管职责和自觉遵守职业道德的机构很少,监管混乱。尤其应该起到主要监管责任的证监会内部失职腐败现象等一系列问题。最后本文针对这些监管问题,提出了改变场外配资监管现状的策略和建议,主要有以下四点:第一完善配资监管体制并建立风险控制体系;第二建构法律规范监管分支体系完善股票场外配资的交易法律法规;第三整顿内部监管机构形成一套完整内部监管体系;第四,增大社会监督的作用。
[Abstract]:This paper begins with the background, connotation and current research situation of OTC allocation in stock market, expounds the development status of OTC allocation in stock market and its comparison with OTC allocation, and understands the rapid expansion of OTC allocation in 2015. Its size affected the healthy and smooth development of the stock market, so in mid-June 2015, the CSRC cleaned up the allocation on a large scale. And from the analysis of the current regulatory situation of OTC allocation, it is concluded that the current OTC supervision is blank, and the current regulations and regulations on the basis of which are only based on the relevant laws of the securities law. In addition, there is a disorder of supervision. The responsibility of the main body is not clear, the supervision mechanism for the over-the-counter allocation is not perfect, and the unified and effective preventive supervision mechanism has not been formed. Therefore, according to the current situation of over-the-counter allocation of capital in the stock market, the author puts forward the regulatory framework for the allocation of capital according to the financial supervision mechanism and constructs a regulatory process model from the point of view of the mechanism of financial supervision. Finally, the evaluation index system is established from three main aspects of supervision subject environment, laws and regulations and system environment by using the evaluation index system. Because the evaluation of the index is too vague, this paper evaluates the regulatory environment of the over-the-counter allocation of capital in the stock market from the factor of the index composition. And it is concluded that the current over-the-counter allocation supervision laws and regulations are not perfect, and there is no unified standard for the system such as the threshold requirements for allotment of capital, and the supervisory bodies of the allocation of capital, namely, the CSRC, the Banking Regulatory Commission and the Insurance Regulatory Commission, are all responsible for the over-the-counter allocation of funds. But there are few institutions that perform regulatory duties and abide by professional ethics according to law, and supervision is chaotic. In particular, should play the main regulatory responsibility of the CSRC internal negligence corruption and a series of issues. Finally, aiming at these supervision problems, this paper puts forward the strategies and suggestions to change the current situation of over-the-counter allocation supervision, mainly as follows: first, perfecting the supervision system and establishing the risk control system; The second is to set up laws and regulations to regulate the regulatory branch system to perfect the transaction laws and regulations of stock over-the-counter allocation; the third is to rectify the internal supervision institutions to form a complete internal supervision system; fourth, to increase the role of social supervision.
【学位授予单位】：长春工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

【参考文献】