Research On First Compensation Legal System In China's Securities Market

At present,fraud cases such as fraudulent issuance and false statement occur frequently in the securities market.In the face of the changeable securities market,the traditional remedy method is inefficient and costly,which makes it difficult to adapt to the case of investor infringement compensation.Therefore,it is very important to seek non-litigation dispute resolution mechanism to make up for the shortage of traditional judicial relief.As an innovative system that has produced good results through case practice,the first compensation system is designed to provide better protection for investors.Because it is a system of practice before theory,there are many ambiguities in the logical construction and theoretical basis,and there is no mature legal system in the legislative level.Therefore,it is necessary in light of the shortcomings of the first compensation system in theory and in practice the problems,put forward the feasible countermeasure,in order to ensure leading compensation system in our country securities market development and perfection,so as to play a legal system of investor protection in the judicial practice that play the role of the stability of securities market development order.This paper consists of seven chapters.The first chapter mainly introduces the basic background of the research,as well as the current situation of some theoretical research on this issue in domestic and foreign academic circles.The second chapter mainly expounds the concept of China's securities compensation system and analyzes its legal nature.The third chapter is about the current application of the first compensation system in the law and the comprehensive analysis of its internal legal logic based on the legal basis,so as to clarify the legal basis for the application of the system.Chapter four conducts empirical case analysis based on case data collected,and finds out the characteristics and problems of current compensation in practice.The fifth chapter analyzes some problems existing in the current securities first compensation system through examples,and makes a systematic analysis of the existing securities first compensation system to find out its advantages and disadvantages.The sixth chapter analyzes the relevant compensation system outside the region and in Hong Kong and Taiwan,finds its advantages in the system,optimizes the existing problems in the current compensation system in China,and finds the experience that can be used for reference.The seventh chapter is the analysis of the current securities first compensation system in China to provide the future further optimization of the system to refine the system proposed by the targeted Suggestions.