资本市场秩序的宪法选择  

The Constitutional Choice of Capital Market Order

作　　者：伍文辉[1] 

机构地区：[1]上海财经大学法学院,上海200439

出　　处：《法制与社会发展》2012年第5期101-113,共13页Law and Social Development

基　　金：上海财经大学研究生创新基金项目"资本市场秩序的宪法选择"(CXJJ-2012-310)阶段性成果

摘　　要：资本市场秩序是不同利益主体通过复杂交换和博弈选择所达致的一种制度过程。中国资本市场的公、私二元产权结构,政府是公有产权管理者,同时又是市场制度供给者和市场秩序维护者,由于自身特殊利益偏好,政府行为演化为市场内在要素,形成一种权力选择市场,以公共利益理论为基础的单向度资本市场制度体系无法有效制约政府行为,更难以实现公、私产权的市场制衡,由此促发当前资本市场的利益失衡和秩序扭曲。以私人利益保护为逻辑起点,超越现有市场规则内选择的固有进路,通过个体内核公共选择形式的双向度制度系统来促进资本市场各利益主体走向开放的"宪法式"趋同,寻求公、私产权在资本市场的宪制均衡,从而实现平等自由交易秩序的法治生成。The capital market order is a process of system where the distincts of benefit principal part through complex exchange and game selection has attained. China capital market is public - private parts of property right structure, the government is communal property right management, at the same time also is the market system and market order maintenance, due to their special interests, government behavior evolved into market intrinsic elements, forming a selection of power market, the public interest theory as the basis of the one - way degree of capital market system can effectively restrict the government behavior, the more difficult to achieve public, private property market balance, thus promoting the current capital market interest imbalance and order distortion. The protection of private interests as the starting point of logic, beyond the existing mar- ket rules selection within the natural route, through individual kernel public choice form the bidirectional sys- tem to promote capital market stakeholders to open the constitutional convergence, seeking public - private property in the capital market system so as to realize the balanced, equality and freedom of trade order rule of law.

关 键 词：资本市场秩序 私人利益 产权制衡 宪法选择 

分 类 号：D921[政治法律—宪法学与行政法学]