Study On The Legal Problems Of Transfer In The Multi-level Capital Market

Thesis legal issues surrounding multi-level capital market research transferplates. Mature stock market must be a contact from a variety of different levels ofthe stock market each other to form an organic whole. We build from theinternational securities markets mature capital markets there is a considerabledistance, the performance of one, our mechanism is not yet in circulation each otherat various levels between the established securities market, overall is split betweenmultiple state level, there is no form an organic interaction, unable to fully serve thereal economy. This paper is committed to building from both substantive andprocedural aspects of a suitable mechanism transfer of China’s capital marketdevelopment. Each level has reached interconnected capital markets, survival of thefittest, improve the quality and efficiency of markets. Different types, different needsof enterprises to provide differentiated financial services, but also for the majority ofinvestors to provide differentiated financial products, expand financing channels.The main novelty of this paper is to focus on our current financial system, learnfrom the advanced experience of Hong Kong, Taiwan,the U.S. and Europe.From alegal point of view to try to make reasonable suggestions transfer plate,put forwardmy own ideas, we want to turn our upcoming board systems have some help.