辨析《证券法》之外的各种证券  

Critically Analyze Various Securities Beyond the Securities Law of the PRC

作　　者：朱伟一 

机构地区：[1]中国政法大学比较法学研究院

出　　处：《国际融资》2020年第12期6-15,共10页International Financing

摘　　要：中国《证券法》列举了证券的若干形式,并授权国务院认定其他形式的证券。证券的形式千奇百怪,变化无穷,可以是公司股票、债券或存托凭证,也可以是理财产品、信托产品、P2P投资、证券投资产品、金融期货、金融衍生产品或标准化票据。对于各种形式的证券追根溯源,可以呈现中国证券市场各监管部门的职权划分状况。明确各种可以或应当被界定为证券的金融凭证,有助于明确相关的监管机构,有助于保护投资者,也有助于维护金融稳定。通过法律法规、法律解释或司法解释,制定适用于各种形式的证券的定义,以辨别和规制各种形式的证券。The Securities Law of the PRC only recognizes shares, bonds and depository rights of a company as securities, and authorizes the State Council to determine any other security. A large number of financial products,such as wealth management products, trust products, P2P, financial futures, derivatives and standardized notes, can or should be defined as securities. Neither any Chinese law nor any judicial explanation offers a generic definition of securities. A meaningful generic definition of securities should be developed. A large number of securities are legally misnamed because many financial regulators thereof resist the applicaiton of securities law and regulatory measures carried out by the China Securities Regulatory Commission.

关 键 词：证券 证券法 金融凭证 

分 类 号：F832.51[经济管理—金融学] D922.287[政治法律—经济法学]