论文部分内容阅读
在成熟、健康的资本市场上,投资者的利益是至高无上的。然而,在国内证券市场熊市肆虐的几年里,鞍山证券、大连证券、南方证券等券商相继崩塌的情况下,保护投资者的工具却捉襟见肘。在投资者的翘首期盼中,以保护投资者为使命的证券投资者保护基金终于横空出世:9月28日,《证券投资者保护基金管理办法》作为政策支持亮相于公众,9月29日,酝酿一年多的证券投资者保护基金公司正式开业。这不仅意味着证券市场投资者的合法权益将得到更加有效的保障,同时,证券市场的风险将得到进一步的化解,也给投资者注入了强心剂。投资者保护基金的诞生,能在多大程度上保护投资者呢?它对证券市场的激励效用又有多大?
Investors’ interests are paramount in a mature and healthy capital market. However, in the years when the bear market in the domestic securities market was rampant, the securities investors such as Anshan Securities, Dalian Securities and Nanfang Securities collapsed in succession, and the tools to protect investors were hard-pressed. Investors eagerly look forward to the protection of investors as the mission Securities Investor Protection Fund has finally turned out: September 28, << Securities Investor Protection Fund Management >> as a policy support debut in the public, September 29 Day, brewing more than a year of securities investor protection fund company officially opened. This not only means that the legitimate rights and interests of investors in the securities market will be more effectively protected, meanwhile, the risks in the securities market will be further resolved, and infusions will also be infused into investors. To what extent can the protection of investors be protected and how effective is the incentive function of the securities market?