论内幕交易行为研究
摘要
内幕交易问题已将金融市场的秩序打乱,成为了市场监管与金融市场加快发展的主要矛盾,因此,采取有效措施防范金融市场中的上市公司在并购中依靠内幕交易来谋取暴利已经成为了规范金融挂市场的要求。本文通过对内幕交易的全面分析,提出现有证券市场开发模式中存在的不足,针对不足提出初步的解决方案,为我国证券市场的开发提出一系列科学有效长远的开发策略,从而促进我国证券业的健康发展。
法律是同内幕交易作斗争的最好武器。自一20世纪30年代美国首创内幕交易法律制度以来,内幕交易法律制度已经在世界范围内得到了普遍的认同,内幕交易立法运动如火如茶。我国证券市场肇端于上世纪80年代中期,形成于90年代初期。历史不长,而成就辉煌;市场并不发达,而证券违法则表现充分。中国证券市场的高速发展,需要有与之相匹配的法律制度供给;而法律制度的供给,需要有与之相匹配的法学理论支撑。特别值得庆幸的是,内幕交易立法。易的理论和立法,然而,我国在注重推动证券市场发展的同时,一开始即十分重视与证券市场一日千里的发展状况相比,我国有关反内幕交仍然远远滞后。
关键字
内幕交易;界定;法律;
Insider trading has will order to our financial markets upset, becomes the market regulation and financial market to speed up the development of the main contradiction, therefore, take effective measures to prevent financial market in the listed company in acquisition rely on insider trading to seek profits has become the standard financial hang the needs of the market. This article through to insider trading the comprehensive analysis, it puts forward the existing securities market development mode of the insufficiency in, according to author preliminary solution, for the Chinese securities market development put forward a series of scientific and effective development strategies of the long term, so as to promote the healthy development of the securities industry in our country.
Legal fight with insider trading is the best weapon. Since the 1930 s the United States a pioneering insider trading legal system since, insider trading legal system has been in the world scope got the general identification, insider trading legislation sports such as fire such as tea. Beginning in China securities market in the mid 1980 s, formed in 90 s. History is not long, and brilliant achievements; The market is not well developed, and securities, is well illegal fully. The rapid development of China’s securities market, need to have similar legal system supply; And legal system of supply, need to have similar legal theory support. Special fortunately, insider trading legislation. Easy theory and legislation, however, our country is in pay attention to promote development of securities market at the same time, the beginning of a very attention and securities market in a day than the development situation, our country about the insider/still lags far behind.
Insider trading; Defined; The law;