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多层次资本市场法律制度的构建和完善,应当明确各证券交易场所之间的功能和定位,包括明确各证券交易所之间的竞争性定位和内部板块的划分,还包括明确其他证券交易场所的法律地位,完善其基本法律制度,合理配置其功能。完善多层次资本市场结构体系的另一重要内容是促进发行市场与交易市场之间的合理区隔,引入介绍上市、转板制度等。证券交易所的设立制度、组织形式和自律管理职能的履行方式也应进行相应改革。
The construction and perfection of the legal system of multi-level capital market should clarify the functions and positions among the securities exchanges, including the definition of the competitive positions among various stock exchanges and the division of internal plates, as well as the definition of other securities exchanges Legal status, improve its basic legal system, a reasonable allocation of its functions. Another important part of perfecting the structural system of multi-level capital market is to promote a reasonable separation between the issuance and the trading markets and introduce the introduction of the listing system and the transfer of ownership system. The establishment of the stock exchange system, the form of organization and self-regulatory functions of the performance of the way should be carried out accordingly.