论文部分内容阅读
通过回顾中国证券市场中证券公司经营失败的退出方式和客户权利保护的现状,认为采用同业托管和国家财政处置和收购客户资产的方式缺乏法律的制度性规定,因而具有明显的政策导向,不仅不利于对投资者利益的保护,而且也增加国家的财政负担。建议采用市场化的方式,一方面促进证券公司间的重组和收购,以减少证券公司退出对市场的冲击,另一方面抓紧建立投资者保护基金,以制度化的方式保护投资者利益。
By reviewing the withdrawal ways of the failure of the securities companies in the securities market in China and the current situation of the protection of clients’ rights, it is considered that the adoption of inter-bank trusteeship and state financial disposal and the acquisition of customer assets lacks the institutional rules of law and therefore has obvious policy orientation. This will help protect the interests of investors and increase the financial burden on the country. The proposed market-oriented approach, on the one hand to promote reorganization and acquisition of securities companies to reduce the impact of securities companies to withdraw from the market, on the other hand pay close attention to the establishment of investor protection fund, institutionalized way to protect the interests of investors.