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利益规则在充分考虑各市场主体力量的前提下为市场参与者重构公平的博弈规则,使任何违反规则的参与者都难以逃脱对方的监督和损害赔偿,这是证券市场公正和具有有效激励的关键。利害关系人是最积极的监督者。证券监管是基于证券市场特殊的博弈规则还是行政制度会导致截然不同的监管效果。赋予中小投资者发言的权利和公平博弈的力量,是有效阻止国有资产流失,优化公司决策,遏阻市场欺诈,维持市场秩序最紧迫的任务。
Under the premise of fully considering the main force of market, the rules of interests reconstruct the fair rules of the game for the participants in the market so that any player who violates the rules will not be able to escape the supervision and damages of the other party. This is a just and effective incentive for the securities market The essential. Stakeholders are the most active monitors. Whether the securities regulation is based on the special game rules of the securities market or the administrative system will lead to completely different regulatory effects. The right to give small and medium investors the right to speak and the power of fair play are the most urgent tasks of effectively preventing the loss of state assets, optimizing the company’s decision-making, deterring market fraud and maintaining market order.