本文關(guān)鍵詞： 證券市場 監(jiān)管模式 法規(guī)比較 香港 上海　出處：《上海交通大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：香港作為亞太地區(qū)的金融中心，其證券市場擁有一百多年的歷史，在世界資本市場上有著舉足輕重的作用。香港證券市場憑借其先進(jìn)的監(jiān)管理念和模式、明確的監(jiān)管目標(biāo)、健全的法律監(jiān)管體系和強(qiáng)健有力的制裁手段得以健康有序的發(fā)展。而上海證券市場方面，隨著我國改革開放的不斷深化和金融市場的逐步開放，在過去的三十多年中也取得了較大進(jìn)步，其規(guī)模目前已不亞于香港證券市場。但由于上海證券市場起步較晚，國際化程度不高，目前仍然存在著諸多問題。特別是隨著《全國人大常委會2014年立法工作計劃》的公布，《證券法》的修改已經(jīng)被提上了議程，此時，對于上海和香港證券市場進(jìn)行法律監(jiān)管制度研究也就有了更具時效性的理論和現(xiàn)實(shí)意義。本文在梳理歷史和現(xiàn)狀的基礎(chǔ)上，對兩地證券市場進(jìn)行法經(jīng)濟(jì)學(xué)研究，提出對上海證券市場監(jiān)管方面的政策建議和改進(jìn)措施。 本文共分五章，導(dǎo)論部分分析了問題提出的背景，研究視角和研究意義。 第一章主要通過上海與香港證券市場規(guī)模和成熟度的對比，指出兩地證券市場的差異主要在于證券監(jiān)管能力方面，因而上海證券市場需要學(xué)習(xí)香港證券市場的先進(jìn)管理理念。 第二章詳細(xì)地從立法機(jī)關(guān)、法律法規(guī)體系、法律責(zé)任等視角對香港和上海證券市場監(jiān)管的法律規(guī)范進(jìn)行了比較，并在此基礎(chǔ)上總結(jié)了滬港證券市場監(jiān)管的法律規(guī)范的特點(diǎn)。 第三章重點(diǎn)分析了滬港證券監(jiān)管模式的不同，，將自行管理模式和集中管理模式進(jìn)行對比，提出應(yīng)該要取長補(bǔ)短，謀求平衡的機(jī)制。 第四章具體闡述了滬港證券市場監(jiān)管的主要內(nèi)容，從證券發(fā)行、上市、交易、退市各個維度分析了兩地的證券監(jiān)管狀況。 最后根據(jù)上文的分析，總結(jié)上海證券市場可以從四方面學(xué)習(xí)香港證券市場的有效監(jiān)管經(jīng)驗(yàn)，一是加強(qiáng)證券立法，完善配套制度；二是嚴(yán)格民事賠償責(zé)任，重視投資者保護(hù)；三是明確監(jiān)管權(quán)限劃分，加強(qiáng)監(jiān)管主體監(jiān)督；四是推進(jìn)自律監(jiān)管，減少行政干預(yù)。
[Abstract]:As a financial center in the Asia-Pacific region, Hong Kong's securities market has a history of more than 100 years and plays an important role in the world capital market. Clear regulatory objectives, a sound legal regulatory system and robust and effective sanctions can develop in a healthy and orderly manner. With the deepening of China's reform and opening up and the gradual opening of the financial market, great progress has been made in the past 30 years. At present, its scale is no less than that of Hong Kong stock market. However, due to the late start of Shanghai stock market, the degree of internationalization is not high. At present, there are still many problems, especially with the promulgation of the legislative work plan of the NPC standing Committee on 2014, the revision of the Securities Law has been put on the agenda at this time. For Shanghai and Hong Kong stock market legal supervision system research also has a more timely theoretical and practical significance. This paper on the basis of combing the history and the current situation of the two stock markets to carry out legal and economic research. Put forward the policy suggestions and improvement measures on the supervision of Shanghai securities market. This paper is divided into five chapters. The introduction analyzes the background, perspective and significance of the research. The first chapter points out that the difference of securities market between Shanghai and Hong Kong mainly lies in the ability of securities supervision by comparing the scale and maturity of securities market in Shanghai and Hong Kong. Therefore, the Shanghai Securities Market needs to learn the advanced management concept of Hong Kong Securities Market. The second chapter compares the legal norms of securities market supervision in Hong Kong and Shanghai from the perspectives of legislative organs, laws and regulations system, legal liability and so on. On this basis, it summarizes the characteristics of the legal regulation of securities market in Shanghai and Hong Kong. The third chapter focuses on the analysis of the different modes of securities supervision in Shanghai and Hong Kong, compares the self-management model with the centralized management model, and puts forward the mechanism that we should learn from each other and seek for balance. Chapter 4th elaborates the main contents of securities market supervision in Shanghai and Hong Kong, and analyzes the situation of securities supervision in the two places from the aspects of securities issuance, listing, trading and delisting. Finally, according to the above analysis, the Shanghai securities market can learn from four aspects of the effective supervision of the Hong Kong stock market experience, first, strengthen securities legislation, improve the supporting system; Second, strict civil liability for compensation, attach importance to the protection of investors; Thirdly, the division of supervision authority should be made clear, and supervision should be strengthened. Fourth, promote self-regulation and reduce administrative intervention.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.51;D922.287

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本文編號：1446923