【摘要】 多层次资本市场的发展必然需要一个多层次的监管体系与之对应。多层次的证券监管体系应包括事前监管、事中监管和事后监管三种监管方式。从监管总成本上来考虑,监管部门应强化事中监管。因此,应采用相关措施,如加强法规建设、完善依法监管机制,推动技术创新、提高监管效率,强化中介公司地位、健全上市公司外部社会治理机制等来加强事中监管。更多还原

【Abstract】 The development of multi-level capital market inevitably need a corresponding multi-level regulatory system which includes three regulation ways i.e. pre-regulation, formative regulation and post-regulation. Considering formative total cost of regulation, regulatory authorities should strengthen course regulation. Therefore, relevant measures should be taken, such as enhancing legislation, deepening regulation mechanism in conformity with laws; promoting technique innovation so as to improve regulation efficiency; enhancing position of intermediary companies; perfecting external social governance mechanism of listed companies so as to strengthen formative regulation.更多还原