证券市场是一个众多参与者进行利益角逐的场所。为了维持证券市场的秩序,必须建立威慑机制、惩戒机制、援助机制、纠纷解决机制和对监管机构的监督机制,为此必须要有完善的法律和制度加以规范。为了保护投资者,完善的证券市场需要解决证券发行中信息不对称问题的法律和制度、消除自利交易的制度以及其它相关的专门制度。 The stock market is a place where many participants contend for profit. In order to maintain the order of the stock market, we must establish a deterrent mechanism, a disciplinary mechanism, an aid mechanism, a dispute resolution mechanism and a supervisory mechanism for regulators. To this end, we must have sound laws and systems to regulate them. In order to protect investors, a sound stock market needs laws and regulations to solve the problem of information asymmetry in securities issuance, a system to eliminate self-dealing transactions and other related special systems.