我国证券期货跨市场操纵的新动向及法律规制  

New Trends and Legal Regulation of Cross-Market Manipulation of Securities and Futures in China

作　　者：王小丽[1] WANG Xiaoli(School of Law, Anhui University of Finance and Economics, Bengbu 233030, China)

机构地区：[1]安徽财经大学法学院,安徽蚌埠233030

出　　处：《安徽农业大学学报（社会科学版）》2022年第1期82-87,共6页Journal of Anhui Agricultural University:SOC.SCI.

基　　金：安徽省高校人文社会科学研究重点项目“金融科技监管法律制度研究”(SK2019A0052)。

摘　　要：随着我国资本市场深入发展进程中跨市场交易、跨境交易等多元化创新行为的出现,跨市场操纵风险也应运而生,呈现出做空交易的主观恶意性、操纵方式的复杂隐蔽性以及引发系统性风险的可能性等新动向。因此,有必要反思现阶段我国证券期货跨市场操纵法律规制的不足。可通过完善跨市场操纵行为规制的法律体系、促进证券期货市场“分割”式立法的衔接、强化卖空交易信息披露监管以及健全股票期指跨市场稳定机制等措施提升我国资本市场对操纵行为法律规制的效能。With the development of China’s capital market,diversified innovative behaviors such as cross-market transaction and cross-border transaction have emerged.Thereby the risk of cross-market manipulation has also arisen which shows new trends such as the subjective malevolence of short selling,the complexity and concealment of manipulation methods and the possibility of triggering systemic risks.Therefore,it is necessary to reflect on the current situation of China’s legal regulations on cross-market manipulation of securities and futures.In order to improve the efficiency of legal regulations on manipulation of China’s capital market,we should improve the legal system of cross-market manipulation regulation,promote the engagement of“split”legislation in securities and futures markets,strengthen the supervision of short selling information disclosure and improve the cross-market stabilization mechanism of stock futures.

关 键 词：跨市场操纵 系统性风险 法律规制 

分 类 号：D912.29[政治法律—民商法学]