论文部分内容阅读
【要点提示】最高人民法院《关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定》(以下简称《若干规定》)第31条、第32条规定了投资差额损失的计算方法,但由于对平均价格的理解不同,使用的计算方法亦有所不同,导致同一证券的买入平均价或卖出平均价会有不同的结果。在证券市场虚假陈述案件的具体审理中,证券买入平均价格和卖出平均价格往往成为当事人之间一个重大争议焦点,也是法院审理此类案件的难点。本文通过对证券市场虚假陈述投资差额损失的三种计算方法进行分析比较,最后确定移动加权平均法为最优的计算方法。
【Important Notes】 Article 31 and Article 32 of the “Supreme People’s Court’s Several Provisions on the Trial of Cases of Civil Compensation Caused by False Statements in the Stock Market” (hereinafter referred to as “Certain Provisions”) stipulate the method for calculating the loss on investment balance. However, due to Different from the understanding of the average price, the calculation methods used are different, resulting in different results in the average buying price or selling average price of the same securities. In the specific hearing of false statements in securities market, the average price of securities bought and the average price of selling often become a major issue of dispute between the parties and also a difficult point for courts to handle such cases. This article analyzes and compares the three methods of calculating the loss of the investment difference in the securities market, and finally determines the optimal method of the moving weighted average method.