Research On Risk Education Scheme Design Of Small And Medium Investors Under Comprehensive Registration System

On February 17,2023,China Securities Regulatory Commission issued relevant system rules for the full implementation of the stock issue registration system,which marked the formal implementation of the comprehensive registration system with information disclosure as the core.Under the comprehensive registration system,the undefeated pattern of new shares has been broken,the conditions of stock issuance have been optimized,and the delisting efforts continue to increase.Faced with the new opportunities and challenges brought by the comprehensive registration system,investors,especially small and medium investors,have been given higher requirements and expectations for their professional ability and anti-risk ability.Therefore,this paper uses questionnaire method,literature research method,logical analysis method and behavioral research method,based on the comprehensive registration system investment environment,the investment situation of small and medium investors questionnaire survey.Through the collation and analysis of the questionnaire data,it is found that most small and medium-sized investors do not understand the registration system and the investment changes brought by the registration system,and they do not have enough professional knowledge and risk awareness to seize opportunities and solve risks to deal with more challenges.Therefore,a comprehensive,specific and more targeted risk education program is particularly important.Therefore,this article designs risk education programs from five aspects: the education subject,education object,education content,and the exercise and protection of rights for small and medium-sized investors.The plan consists of five parts: introducing third-party investor education entities,cultivating risk awareness and self-protection capabilities of small and medium-sized investors,constructing a multi-level risk education content system,improving the protection path of China’s investment service centers,and promoting the normalization of regulatory relief.To ensure the smooth implementation of the plan,this article also discusses the feasibility of the plan in terms of policy,funding,organization,and technology,so that it is both innovative and timely,and has sufficient enforceability.Finally,this article hopes to improve the investment ability of small and medium-sized investors,enhance their risk resistance ability,create a healthy and rational investment environment for small and medium-sized investors,and thus maintain the smooth operation of the financial market.