我国债券市场虚假陈述民事责任问题的“求同存异”之道  

Civil Liability from False Statements in China’s Bond Market

作　　者：薛智胜[1] 李峰[1] 

机构地区：[1]天津工业大学法学院

出　　处：《金融市场研究》2022年第4期28-37,共10页Financial Market Research

基　　金：国家社科基金重大项目“社会主义核心价值观与我国商事立法完善”阶段性研究成果,项目编号:17VH5001。

摘　　要：目前我国债券市场虚假陈述案件司法救济机制运行不良,究其原因在于其法律责任体系主要以股票市场为基准,未充分考虑债券市场特性,应当立足债券市场及其虚假陈述的特点,重点把握债券虚假陈述民事责任构成要件如“重大性”标准、因果关系、过错因素和损失计算规则等方面的特殊性。针对目前我国债券虚假陈述责任规制体系的不足,建议统一我国债券法律适用标准,明确相关主体的责任承担方式,引入第三人咨询制度,推动我国债券市场虚假陈述民事责任体系的完善。Judicial remedies for misrepresentations related to China’s bond market are generally unsatisfactory, largely because the legal liability system was designed for the stock market. The judicial mechanism needs to take bond market characteristics into account and focus on the elements of civil liability for bond misrepresentation such as the "materiality" standard, causation, fault factors and rules for the calculation of losses. In view of the inadequacy of the current regulatory system, it is suggested that standards of the bond law in China be applied with greater clarification of liability. A third-party consultation system should also be introduced in order to improve the civil liability system in cases of misrepresentation.

关 键 词：债券市场 虚假陈述 责任认定 法律适用 

分 类 号：D922.287[政治法律—经济法学]