"The capital market open, fair, justice and the rule of law in the target values are natural homogeneity and consistency, a mature capital market must be a market is highly dependent on the rule of law." Last week the closing of the Fourth Plenary Session of the Central Committee of Communist Party of China through the "decision" on promoting a number of major issues of the rule of law, Chinese CSRC chairman Xiao Gang in the SFC to learn the spirit of the plenary session Conference on the treatment of capital market, interest relationship, must adopt rules of governance and legal governance mode. If there is no public legal rules transparent, people cannot expect trading results, to judge the safety of transactions, will not form a fair and efficient market mechanism.
"The rule of law for the stock market of great significance, especially in the field of current to make the rule of sunshine on the stock market listing Corporation." The general manager of the Milky Way securities fund research center, Hu Lifeng expresses to the reporter, the illegal behavior of listing Corporation not sustained and effective against the domestic stock market, is one of the chronic and stubborn disease. Stock market speculation has been rife, seriously infringed upon the interests of public investors. Also let the service entity China stock market economy quality investment culture has not established. "The rule of law spirit of city law, will lay a solid foundation for China stock market."
Do poineering work board the listing Corporation CNOOC as secretary of the board of directors of He Jincheng thought, the rule of law is brought about by the social justice and the business environment change, to the real economy and business individuals, corporations, and bring more fair and equitable environment. The operation of the black box in, or not in accordance with the law, the illegal act with impunity circumstances according to law, many enterprises in the competition but at a disadvantage.
"If it is the rule of law culture and environmental solid rooting, self-employed and the enterprise will focus on technology innovation, reduce costs, brand creation, environmental protection and other aspects, the entity economic vitality, will be excited, capital investment is also significant changes occur, is conducive to the cultivation of mature stock market investors, the favorable capital the market long-term health development." He said.
Legal experts and securities expresses to the reporter, the implementation of the eighteen session of the Fourth Plenary Session of the spirit of the rule of law, the legal system construction of capital market to increase, maintain even bargain and produce actively promote fair and transparent. In the past the kind of illegal and low cost, public investors not to be protected effectively, market speculation has been rife phenomenon, will be subjected to intense sniper Chinese legal environment to promote the.
The capital market after more than 20 years, legislation, law enforcement work comprehensively, the legal system gradually perfected. But the market economy as a core component of the capital market, market manipulation, insider trading and other illegal behavior is still serious, "governing the city by law to upgrade the popular.
The first law governing the city by law requirements. In the capital market legislation, the China Securities Regulatory Commission Chairman Xiao Gang and market experts agree, the securities law should take the protection of the interests of the public investors as the basic value orientation. The existing medium and small investors rights difficult, difficult to obtain evidence, the judicial system and the compensation system in need of reform.
The legal profession many said that the capital market in the punishment of illegal, strict law enforcement should be strengthened. Courts and regulators in many shareholders rights trial and punishment, high up, gently down. "Common cause damage the interests of the medium and small investors."
Tao Yi assets chairman Lu Bailiang told reporters, according to the law governing the city should do is to put the negative list written clearly, what to do and what not to do. In the related laws in the process of legislation departments should fully listen to the views of industry practitioners, formulate laws and regulations for.
"The capital market in the final analysis is a legal market, the rule of law is strong, the market hing." Securities Regulatory Commission Chairman Xiao Gang has a clear understanding of the city according to law. We look to the Chinese capital market, grow, health in the rule of law under the sun.
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