距股灾发生已有1年多了,根据笔者亲身经历,反观此次历史罕见的股市劫难,导火线虽是证监会清理场外配资,实质是由于证券监管体系存在很大纰漏,以至于前几次的国家救市力度犹大而成效甚微。笔者在研究国外证券监管体系的基础上,结合我国证券市场实际情形,参照其可取之处,为完善我国证券监管体系提出可行的建议。 From the stock exchange disaster has occurred more than 1 year, according to the author’s own experience, on the contrary the history of the stock market catastrophe, although the fuse is liquidation of the SFC liquidation, in essence, due to the securities regulatory system there is a big flaw, The sub-national efforts to save the city of Judah with little success. Based on the study of foreign securities regulatory system and the actual situation of China’s securities market, the author makes feasible suggestions for improving China’s securities regulatory system with reference to its merits.