证券法的权利观  

On the Concept of Rights by Securities Law

作　　者：张钦昱[1] ZHANG Qinyu

机构地区：[1]中国政法大学民商经济法学院

出　　处：《中国政法大学学报》2022年第2期126-140,共15页Journal Of CUPL

基　　金：国家社会科学基金青年项目“改革开放40年来中国重要经济立法的方法论研究”(项目批准号:19CFX064)的阶段性成果。

摘　　要：证券法的属性争议不会影响其以权利为本位,却影响其权利的表达方式。证券法对投资者利益的维护并不是通过正面直接赋权,而是令投资者的交易相对方负担义务。“赋权-行权”路径无法充分维护证券法的法益,需要公益性组织承担维护证券市场社会公共利益的重任。《证券法》民事责任存在种类稀少、样态单一、构成要件过于严苛等弊端,修改后的追责程序没有从根本上改变投资者的维权动力,对社会公共利益的保护用处不大。应当重新厘清《证券法》宗旨,显著增加《证券法》义务规则的强度,加大外部行政机关对《证券法》的干预,完善投服中心利用诉讼机制保护投资者整体利益与证券市场秩序的职能。The property dispute of the securities law will not affect the right as the standard,but will affect the expression of its rights.The protection of the investors interests by the securities law is not through positive direct empowerment,but to make the the other party of transactions for the investors bear obligations.The legal interests of the securities law cannot be fully safeguarded by the path of"empowerment-exercise",and public welfare organizations are required to undertake the important responsibility of safeguarding the public interests of the securities market.The civil liability in Securities Law has some disadvantages such as rare types,single form and too strict components.The revised accountability procedure has not fundamentally changed the motivation of investors to protect their rights,and it is of little use to the protection of social and public interests.The purpose of the Securities Law should be reclarified,the intensity of the obligation rules of the Securities Law should be significantly increased.Stronger intervention of administrative organs in the Securities Law should be emphasized,and the protective method for public interest by China Securities Investor Services Center should be produced.

关 键 词：证券法 权利 资产收益权 公开征集股东权 证券行政和解 证券示范诉讼 

分 类 号：D925.1[政治法律—诉讼法学]