The Impact Analysis Of New "securities Law" And "company Law" To The Implementation Of The Capital Market

January 1,2006 implementation of the new "Securities Law" and the new "Company Law" is the building of the legal system in a major event, which has aroused the concern of various parties in the market. It is also further strengthen and improve the socialist market economic legal system an important measure for the capital market to raise the level of the legal system, accelerate the reform and development of the capital market will have a huge and far-reaching impact. A profound understanding of the Law Revision" two laws "development of the capital market and significant impact, in-depth understanding and master "two laws "to amend the main contents and basic spirit It is learning "two laws" basis, It is also "two laws" guarantee.In this paper, theoretical and empirical analysis of a combination of methods, First analysis of the "two laws" the implementation of the capital market the positive impact, Then empirical study of the "two laws" the effects from short-term and long-term perspective of the analysis, from the short-term perspective, the paper used the incident to the analysis of price changes of the study, thus confirming the country's capital market in the stock prices "two laws" after the implementation of the changes, This not only shows the "two laws" the implementation in the short term is a good news, the other hand it also shows the majority of investors in the short term to "two laws" in the implementation of a rapid response. From the long-term perspective, In this paper, the right to use the variation of a few comprehensive evaluation comparative analysis of 05 year and 06 year on the financial performance, by analyzing 06 year can be drawn on the financial performance of the situation has significantly improved. Finally draws the research conclusion and to "two law" implementation put forward some proposals.