中港兩地證券交易制度比較研究.pdf

1、湖南大學碩士學位論文中港兩地證券交易制度比較研究姓名：黃露申請學位級別：碩士專業(yè)：金融學指導教師：彭建剛20030930AbstractThisarticlebrieflyintroducethesecuritiestradingsystemofthedevelopedcountriesintheworld，andfocusonthecharacteristicsofthesecuritiestradingsystembetweenHo

2、ngKongandChinaBycomparingandanalyzingtheirdifferences，HongKong，whichwell—knownasaninternationalfinancecenter，actsanimportantroleintheprocessofinternationalizationoftheChina’SsecuritiesmarketHongKongnotonlyhasamaturecapit

3、almarket，awellestablishedsecuritiesmonitoringsystem，provisionofcomprehensivefinancialservice，butalsohastherealtimeinformation，anexcellentbasicinfrastructure，knowledgeableskillsinfinancialmanagementTheseadvantagescannotbe

4、foundintheChina’SsecuritiesmarketWiththesimilarculturalbackgroundandsocialbeliefs，thecomparisonbetweentwosecuritiessystemsbecomesmoremeaningfulBaseontheaboveassumption，thisarticleanalysedtheproblemsarisingfromthesecuriti

5、estradingsysteminChinaandthefoundationcausesoftheseproblemsTheuniquetradingsystemandthecentralizedbiddingsystemtogetherwithasinglenaturesecuritiestradingsystemresultedinthemonopolyofthesecuritiessystem；Withthespecialhist

6、oricalbackgroundinChinacreatedadispersioninshareholdingsandbursttradingsystemalienationofAB’s；ImpropercompositionfortheinvestorsinthemarketsuchasafewnumberofcorporateinvestorstiedupthedevelopmentofChina’Ssecuritiesmarket

7、；ThelistedcorporationsareweakintheconceptofgoingconcernandtheineffectiveenforcementoftheregulationsleadtothesecuritiestradingsysteminChinacannotfulfilltheinternationalstandardsThisarticlealsodiscussesthenecessityofdevelo

8、pingaperfectandstructuredsecuritiestradingsystem，andputforwardtheideastoestablishthesupervisorysystemandregulationswhichcanmeettheinternationalstandards，forexample，reformingthecentralizedbiddingsystemandproactivelyworkOl

9、lthemassivetradingsystem；developingthefinancialrelatedproducts，introducingthesellingskytradingmechanismandreducingthesystemriskinsecuritiesmarket；perfectingthesystemoftransferofsharesandtheregulationsonacquisition；reform