Study on Mode of Legal Regulation of Cross-border Securities Trading
- 法学院－已发表论文 
随着沪港通、深港通的实施和“一带一路”战略的推行，境内与境外之间的证券跨境交易将趋于频繁。为了对跨境证券交易进行有效的法律监管，中国必须借鉴境外的有益经验，完善跨境直通交易监管的法律框架。跨境证券交易的监管模式有四种，分别是单边监管模式、双边协作监管模式、超国家监管模式、国际组织牵头的多边监管模式。中国应限制单边监管模式的使用范围，加强跨境合作。With the implementation of Shanghai-Hong Kong Stock Connect program and Shenzhen- Hong Kong Stock Connect program, as well as the promotion of The Belt and Road Initiative, both domestic and cross-border trading of securities will become more and more frequent. In order to carry out effective legal regulation over cross-border securities trading, China must draw on useful experience abroad to im- prove the legal framework of regulation for cross-border direct trading of securities. There are four kinds of regulation modes for cross-border securities trading, namely, unilateral regulation, bilateral writing regulation, supranational regulation and multilateral regulation led by international organizations, among which China should limit the scope of unilateral regulation and strengthen cross-border cooperation.