香港证券市场监管中的法律问题研究及借鉴意义

发布时间：2018-08-17 12:30

【摘要】：经过一百多年的发展,香港的证券市场已经发展成为举足轻重的国际证券市场,在世界资本市场的舞台上发挥着重要的作用,逐步成为重要的国际金融中心和亚太地区的金融中心。在过去的二十年里,香港资本市场在中国改革开放和经济发展中做出了巨大贡献,不仅为内地的大批企业募集了极为宝贵的发展资金,而且也带去了金融管理和企业管理的经验。本文通过对香港证券市场的发展、监管的模式、监管的主体、监管的法律规范和监管内容等方面多维度的分析和研究,探讨香港证券市场多年来得以健康发展的根源和经验,进而期望其清晰的监管架构、先进的监管理念和模式、完善的市场体系、明确的监管原则,健全的法规条例、强而有力的制裁手段、丰富的金融品种和社会化的证券市场服务能够为我们发展国内证券市场所借鉴,并提出我们进一步发展国内证券市场所应该努力的方向。本文分为六章,第一章分析了香港证券市场的发展历史,指出香港证券市场的构成要素包括证券市场的参与者、交易对象及交易场所,并对其主要指数及特点加以阐述；第二章对香港证券市场监管的法律规范的构成进行了详细论述,并在此基础上总结了香港证券市场法律规范的特点；第三章详细介绍了香港证券市场的监管主体并分析了其优势；第四章论述了香港证券市场的监管模式,特别分析了其交易所的自律监管和证监会对交易所的监管；第五章阐述了香港证券市场的监管内容,包括对发行市场的监管、交易市场的监管、对经营机构的监管、对投资者的监管、对市场操纵的监管以及对内幕交易的监管;第六章分析了中国证券市场的监管情况,并提出了香港证券市场监管中的经验对内地证券市场监管的启示和借鉴意义。
[Abstract]:After more than 100 years of development, Hong Kong's securities market has developed into a pivotal international securities market, playing an important role on the stage of the world capital market. Gradually become an important international financial center and the financial center of the Asia-Pacific region. In the past two decades, Hong Kong's capital market has made great contributions to China's reform, opening up and economic development. It has not only raised extremely valuable development funds for a large number of enterprises in the mainland. And also brought financial management and business management experience. Based on the analysis and study of the development of Hong Kong's securities market, the mode of supervision, the subject of supervision, the legal norm and the content of supervision, this paper discusses the source and experience of the healthy development of Hong Kong's securities market over the years. And then expect it to have a clear regulatory framework, advanced regulatory concepts and models, a sound market system, clear regulatory principles, sound laws and regulations, and strong and effective sanctions. The rich financial variety and socialized securities market service can be used for reference by us to develop the domestic securities market, and the direction that we should strive to further develop the domestic securities market is put forward. This paper is divided into six chapters. The first chapter analyzes the history of the development of Hong Kong's securities market, points out that the constituent elements of Hong Kong's securities market include participants, trading objects and trading places, and expounds its main index and characteristics. The second chapter discusses the composition of the legal norms of the supervision of the Hong Kong securities market in detail, and summarizes the characteristics of the legal norms of the securities market in Hong Kong on this basis; The third chapter introduces the main body of supervision of Hong Kong's securities market and analyzes its advantages, the fourth chapter discusses the supervision mode of Hong Kong's securities market, especially the self-regulation of the exchange and the supervision of the exchange by the Securities Regulatory Commission. The fifth chapter expounds the contents of the supervision of Hong Kong's securities market, including the supervision of the issuing market, the supervision of the trading market, the supervision of the operating institutions, the supervision of the investors, the supervision of the market manipulation and the supervision of the insider trading. The sixth chapter analyzes the supervision of China's securities market, and puts forward the enlightenment and reference significance of the Hong Kong stock market supervision experience to the mainland securities market supervision.
【学位授予单位】：大连海事大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.287;F832.51

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