THE CRUCIAL ISSUE OF THE ADMINISTRATION THROUGH LEGAL SYSTEM IN CHINESE STOCK MARKET INEFFECTIVE SUPERVISION AND PUNISHMENT

来源期刊：中南大学学报(英文版)1994年第z1期

论文作者：Shi Bolin

文章页码：24 - 28

Key words：stock market; administration through legal system; supervision and punishment

Abstract: The progressive establishment of chinese socialist market economy system and modern enterprise system will inevitably make Chinese stock market further widened and developed. How to administrate Chinese stock market through legal system has become an urgent matter. The author thinks, the double administrative system by the state and local government in present Chinese stock market has more drawbacks than advantages. The administrative powers over Chinese stock market should be concentrated to the central government, exercised in accordance with law and regulation, in order to ensure the state's supervision to stock market, just like in America and Japan; and also thinks the present norms of law in Chinese stock market administration are slight to punish the acts that do harm to the development of stock market. Besides penalty, the concept of "guilt" and definite sentence provisions should be added to strengthen the punishment and to ensure the stability of stock market.