我国短线交易制度的构成要件研究——以监管和司法实践为视角  

Research on the Constituent Requirements of Short-term Trading System in China——From the Perspective of Regulation and Judicial Practice

作　　者：赵盛阳 ZHAO Sheng-yang(Legal Affairs Division,Guangzhou Branch of Industrial and Commercial Bank of China LTD.,Guangzhou 510100,China)

机构地区：[1]中国工商银行广州分行法律事务部,广东广州510100

出　　处：《长春金融高等专科学校学报》2023年第3期5-12,共8页Journal of Changchun Finance College

摘　　要：起源于美国的短线交易制度在我国已经实践近30年。随着我国资本市场逐渐壮大、金融创新形态日益多样,其适用性得到众多学者的关注。2019年新《证券法》再次修订,短线交易制度得到进一步的补充和完善,但在实务中依然存在诸多问题亟待解决,需结合监管和司法实践予以明确。以新《证券法》颁布实施后短线交易制度的主体、客体和行为等构成要件为主线,结合近年来上市公司的公告、交易所问答及监管函件、证监会的行政处罚和司法判例等实践经验展开分析,旨在梳理现行短线交易制度的构成。The short-term trading system that originates from the United States has been practiced for nearly 30 years in our country.With the gradual expansion of Chinese capital market and the increasing diversity of financial innovation forms,its applicability has attracted the attention of many scholars.In 2019,the new Securities Law was revised again,and the short-term trading system was further supplemented and improved.However,there are still many problems to be solved in practice,which need to be clarified in combination with supervision and judicial practice.Taking the main elements of the subject,object,and behavior of the short-term trading system after the promulgation and implementation of the new Securities Law as the main line,and combining with the practical experience of listed companies'announcements,exchange Q&A and regulatory letters,administrative penalties of the China Securities Regulatory Commission,and judicial precedents in recent years,this article aims to sort out the composition of the current short-term trading system.

关 键 词：短线交易 构成要件 案例分析 

分 类 号：F832.51[经济管理—金融学] DF438.7[政治法律—经济法学]