2005年股权分置改革之后,我国的股票市场进入迅速繁荣和强烈震荡的特殊时期,在此过程中,如何对证券衍生商品、资产证券化等多样化的证券种类进行有效的法律规制,并达到投资者保护之目的,是当前我国的重要课题。与我国相邻的日本在 After the reform of non-tradable shares in 2005, China’s stock market has entered a special period of rapid prosperity and intense turbulence. In the process, how to carry out effective legal regulation on the diversified types of securities such as securities derivative products and asset securitizations? The purpose of investor protection is an important issue in our country at present. Japan adjacent to China is here