本文關(guān)鍵詞： “洪良國(guó)際”案 證券市場(chǎng) 監(jiān)管　出處：《遼寧大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：自上世紀(jì)90年代初兩大證券交易所成立以來(lái)，我國(guó)證券市場(chǎng)得到了飛速的發(fā)展，促進(jìn)了國(guó)有企業(yè)的改革，帶動(dòng)了國(guó)家經(jīng)濟(jì)的發(fā)展。與此同時(shí)，對(duì)于證券市場(chǎng)的監(jiān)管機(jī)制也應(yīng)運(yùn)而生，它是國(guó)家宏觀經(jīng)濟(jì)監(jiān)督體系中不可或缺的一部分，對(duì)于市場(chǎng)的健康有序發(fā)展也有著重大的意義：監(jiān)管是維護(hù)市場(chǎng)良好秩序的需要，是發(fā)展和完善證券市場(chǎng)體系的需要，它能保障廣大投資者的權(quán)益，，為證券交易的參與者提供準(zhǔn)確全面的信息做后盾等等。 本文主要通過(guò)對(duì)“香港洪良國(guó)際案”進(jìn)行分析，研究香港證監(jiān)會(huì)在對(duì)此案的監(jiān)管與處罰行為，取其好的方面給內(nèi)地地區(qū)的證券監(jiān)管以啟示，并提出了目前我國(guó)內(nèi)地地區(qū)在此方面的不足之處，兩方面加以總結(jié)，最終提出完善內(nèi)地地區(qū)監(jiān)管的各個(gè)建議。文章第一部分介紹了“香港洪良國(guó)際案”的始末，同時(shí)包括了香港證監(jiān)會(huì)對(duì)其監(jiān)管處罰的經(jīng)過(guò)；第二部分分析“洪良國(guó)際案”中證監(jiān)會(huì)的成功之處，包括時(shí)間上的及時(shí)性、監(jiān)管部門(mén)的各司其職、證監(jiān)會(huì)享有特權(quán)、香港地區(qū)設(shè)有專門(mén)金融法庭、保護(hù)投資者利益、懲罰力度強(qiáng)等方面；第三部分指出目前內(nèi)地地區(qū)證券市場(chǎng)監(jiān)管的現(xiàn)狀，包括內(nèi)地監(jiān)管部門(mén)決策缺乏科學(xué)性、政府干預(yù)過(guò)度、自律監(jiān)管未能有效實(shí)施、監(jiān)管法律法規(guī)不完善、處罰力度欠缺；還總結(jié)出“洪良國(guó)際案”對(duì)內(nèi)地證券監(jiān)管的啟示與借鑒，涉及以下幾方面：完善證券市場(chǎng)監(jiān)管法律，包括以保護(hù)投資者利益為先、加大處罰力度；設(shè)立合理高效的執(zhí)法體制，包括建立強(qiáng)制停牌機(jī)制、賦予證監(jiān)會(huì)特權(quán)、設(shè)置專門(mén)金融法庭；調(diào)動(dòng)中介機(jī)構(gòu)力量，包括明確中介機(jī)構(gòu)的監(jiān)管職責(zé)、完善中介機(jī)構(gòu)內(nèi)部治理、設(shè)立中介機(jī)構(gòu)評(píng)級(jí)機(jī)制。 香港證監(jiān)會(huì)對(duì)“洪良國(guó)際”的監(jiān)管與處罰是一個(gè)經(jīng)典的有代表性的案例，從中我們獲得了許多對(duì)完善我國(guó)內(nèi)地證券市場(chǎng)監(jiān)管有幫助的啟示。通過(guò)這些啟示，完善我國(guó)的證券監(jiān)管部門(mén)，使證券市場(chǎng)可以健康有序的發(fā)展，最終促進(jìn)經(jīng)濟(jì)的發(fā)展，提高我國(guó)的競(jìng)爭(zhēng)力。
[Abstract]:Since the establishment of the two major stock exchanges in -10s, the securities market of our country has been developing rapidly, which has promoted the reform of state-owned enterprises and the development of the national economy. The regulatory mechanism for the securities market has emerged as the times require, it is an indispensable part of the national macroeconomic supervision system. It is also of great significance for the healthy and orderly development of the market: supervision is the need to maintain good market order and the need to develop and perfect the securities market system, which can protect the rights and interests of the majority of investors. To provide accurate and comprehensive information for the participants in securities trading, and so on. This article mainly through the "Hong Kong Hongliang International case" analysis, the Hong Kong Securities Regulatory Commission in the case of supervision and punishment of the case, take its good aspects to the mainland region of securities regulation to enlighten. And put forward the shortcomings of China's inland areas in this area, two aspects to sum up, and finally put forward suggestions to improve the supervision of the mainland. The first part of the article introduces the "Hong Kong Hongliang International case". At the same time including the SFC on its regulatory penalties; The second part analyzes the success of the SFC in the Hongliang International case, including the timeliness of time, the different duties of the supervisory authorities, the privilege of the SFC, and the establishment of special financial courts in Hong Kong. Protection of investors' interests, strong penalties and so on; The third part points out the current situation of the securities market supervision in the mainland, including the lack of scientific decision-making, excessive government intervention, self-regulation and regulation is not effective implementation, regulatory laws and regulations are not perfect. Lack of punishment; It also sums up the enlightenment and reference of Hongliang International case to the securities supervision in the mainland, which involves the following aspects: perfecting the securities market supervision law, including taking the protection of investors' interests as the first, increasing the punishment; To establish a reasonable and efficient law enforcement system, including the establishment of a mandatory suspension mechanism, the granting of special privileges to the CSRC, and the setting up of special financial courts; Mobilize the strength of intermediary organizations, including clear regulatory responsibilities of intermediary organizations, improve internal governance of intermediary organizations, set up a rating mechanism of intermediary organizations. Hong Kong Securities Regulatory Commission's supervision and punishment of Hongliang International is a classic and representative case, from which we have obtained a lot of helpful enlightenment to improve the supervision of China's mainland securities market. Perfect the securities supervision department of our country, make the stock market develop healthily and orderly, finally promote the development of economy and improve the competitiveness of our country.
【學(xué)位授予單位】：遼寧大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51

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