一、问题的提出我国《证券法》集证券发行法和交易法于一体,根据其第二条的规定,所有在我国境内发行证券的行为都应当适用《证券法》。但值得注意的是,《证券法》第二章“证券发行”中,多数条文在“发行”前面加上了“公开”二字,说明《证券法》的实体性规定 First, the issue raised China’s “Securities Law” set of securities issuance law and transaction law in one, according to its provisions of Article II, all securities issued in the territory of our country should apply the “Securities Act.” However, it is noteworthy that most of the provisions in Chapter II of the Securities Law “Securities Issue” add the word “open” before the “issue” to indicate the substantive provisions of the Securities Law