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中南大学学报(英文版)

Journal of Central South University

Vol. 1    Special 1    December 1994

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

Law Department, Central South University of Technology, Changsha. 410083, China

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.

 

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

中南大学学报(自然科学版)
  ISSN 1672-7207
CN 43-1426/N
ZDXZAC
中南大学学报(英文版)
  ISSN 2095-2899
CN 43-1516/TB
JCSTFT
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