我国的证券法轻视和缺乏私法保护,使证券民事责任体系的建立落后于证券市场的发展要求。虚假陈述行为是证券法上最常见的民事侵权行为,对虚假陈述的构成要件,尤其是归责原则,有必要从法理上一一分析。 China’s securities law contempt and the lack of private law protection, so that the establishment of securities civil liability system lags behind the development of the securities market requirements. Misrepresentation is the most common act of tort in securities law. It is necessary to analyze the constitutional elements of false statements, especially the principle of imputation.