我国证券市场经过13年的发展, 取得了巨大成就,市场规模已经发展到 拥有上市公司1200余家,投资者开户数 6880余万,总市值约占GDP的45%,在 亚洲仅次于东京和香港证券交易所。但 由于这一市场仍属于新兴市场,正处于 规范和转轨时期,在市场规范和运行机 制方面存在着一些不应忽视的缺陷,除 行政违法和刑事违法犯罪外,民事侵权 行为也时有发生。 After 13 years of development, China’s securities market has made great achievements. Its market size has grown to more than 1,200 listed companies. Investors have opened more than 68.8 million accounts, with a total market capitalization of about 45% of GDP, second only to Tokyo and Hong Kong Stock Exchange. However, since this market still belongs to emerging markets, it is in the period of standardization and transition. There are some defects that should not be neglected in market regulation and operation mechanism. In addition to administrative violations and criminal offenses, tort often takes place.