完善中国黄金市场监管法律制度研究

发布时间：2018-06-25 18:59

本文选题：黄金市场 + 监管制度　；参考：《西南政法大学》2014年硕士论文

【摘要】：黄金市场作为金融市场的重要组成部分，与国家利益、经济社会发展以及人们的日常生活密切相关。2008年金融危机爆发以来，人们的避险意识提高，黄金成为专业投资机构和普通大众青睐的投资对象。而中国黄金市场经历近20年的改革实践，也已经发展成为黄金产量居世界第一、消费量居世界第一、现货交易量居世界第一、期货交易量居世界第四的综合性产业市场。相较于黄金市场的迅速发展，我国黄金市场相关监管法律制度亟待完善。本文共分四个部门，第一部分对黄金市场进行界定和对其监管法律制度特点进行梳理。首先从含义、类型和构成要素对黄金市场进行界定，重点强调现代黄金市场是商品市场、货币市场和金融市场共存的多层次市场集合；其次梳理了黄金市场发展概况，指出当代黄金市场主要在市场规模、市场价格、市场类型等发面出现了新的发展变化；最后指出当代黄金市场监管法律制度的特点主要包括监管具有多层次性、监管对象多元化、衍生品监管成为主导及自律监管四方面。第二部分对世界主要黄金市场监管法律制度进行考察。以立法和监管模式为重点，指出黄金市场主要分为以英国为代表的自律管理分类监管体系和美国为代表的政府主导监管体系，，认为具备差别化的监管理念、分工明确的监管体系、优质的金融机构投资者和注重中央银行监管调控是世界主要黄金市场监管法律制度的核心和经验。第三部分对我国黄金市场监管法律制度的现状与缺陷进行评述。目前我国黄金市场监管法律制度主要存在法律规范体系不健全、监管机构权限划分不明确、行业组织效用发挥有限、“地下炒金”法律问题突出以及对当前出现的黄金价格波动缺乏宏观审慎性监管五大问题。第四部分提出完善我国黄金市场监管法律制度的的具体建议。认为应遵循适度监管、协调监管、依法监管的思路，尽快建立层级科学的法律体系、出台专门的黄金市场监管法；着力解决目前黄金市场“多头监管”乱象，明确各监管机构权限，从分业监管转向统一监管体制；完善市场自律监管制度，发挥黄金行业协会作用；结合案例从协调监管、市场健全、投资者保护等角度提出了解决“地下炒金”问题的具体措施；最后结合当前黄金价格剧烈波动的事实背景，提出了应强化以央行为主导的宏观审慎性监管的建议。
[Abstract]:As an important part of financial market, gold market is closely related to national interests, economic and social development and people's daily life. Gold has become the object of investment favored by professional investment institutions and the general public. After nearly 20 years of reform, China's gold market has also developed into a comprehensive industrial market with the highest gold output, the largest consumption, the first spot trading volume and the fourth largest futures trading volume in the world. Compared with the rapid development of gold market, China's gold market related regulatory legal system needs to be improved. This paper is divided into four departments. The first part defines the gold market and combs the characteristics of its regulatory legal system. First of all, it defines the gold market from the meaning, the type and the constituent elements, emphasizes that the modern gold market is a multi-level market collection of commodity market, money market and financial market, and then combs the general situation of the gold market development. The paper points out that the modern gold market mainly develops and changes in market scale, market price and market type, and finally points out that the characteristics of the legal system of supervision in the contemporary gold market mainly include the multi-level nature of supervision. Diversification of regulatory objects, derivatives regulation has become the leading and self-regulatory four aspects. The second part of the world's main gold market regulatory legal system to investigate. Focusing on the legislative and regulatory models, the paper points out that the gold market is mainly divided into the self-regulatory classification system represented by the United Kingdom and the government-led regulatory system represented by the United States. The core and experience of the world's main gold market regulatory system is the clear division of labor supervision system, high-quality financial institutional investors and focusing on the supervision and control of the central bank. The third part reviews the current situation and defects of China's gold market regulatory legal system. At present, the legal system of gold market supervision in our country is not perfect, the jurisdiction of the regulatory body is not clear, and the utility of the trade organization is limited. The legal problems of "underground gold speculation" are prominent and lack of macroprudential supervision on the current gold price fluctuation. The fourth part puts forward the concrete suggestions to perfect the legal system of gold market supervision in our country. The author thinks that we should follow the train of thought of moderate supervision, coordinated supervision and legal supervision, establish a hierarchical scientific legal system as soon as possible, introduce a special gold market supervision law, and focus on solving the current "long supervision" chaos in the gold market. To clarify the authority of each regulatory body, from separate supervision to unified regulatory system; to improve the market self-regulatory system and give play to the role of the gold industry association; to coordinate the supervision and control with cases, and to improve the market. This paper puts forward the concrete measures to solve the problem of "underground gold speculation" from the angle of investor protection, and finally puts forward the suggestion that we should strengthen the macro-prudential supervision led by the central bank in the light of the fact that the gold price is fluctuating violently at present.
【学位授予单位】：西南政法大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D922.28

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