【作者】 王娜；

【导师】 周清华；

【作者基本信息】 大连海事大学 ， 国际法学， 2007， 硕士

【摘要】 随着全球证券市场的国际化发展，跨国证券欺诈活动愈演愈烈。由于跨国证券欺诈行为危害巨大，不仅使国际投资者损失惨重，而且往往影响国际证券市场的交易秩序，所以有必要对跨国证券欺诈行为进行法律规制。我国在加入世贸组织时承诺要逐步开放国内资本市场，但目前我国的证券市场还处在未完全开放状态。我国除了准许国内机构在境内发行A股和B股外，只允许国内机构在境外证券市场筹资，而外国机构还不能到境内发行证券。因此，为了尽快与国际资本市场接轨，履行我国加入世贸组织的承诺，我国必须一方面加快证券市场国际化发展，另一方面在国际证券市场的大环境下保持资本市场的规范化发展，严格监控和遏制跨国证券欺诈行为，借鉴西方发达国家的立法和司法经验，加强与其他国家的监管合作，寻求更有力的法律保护手段，在达到我国境内机构对外筹资目的的同时，维护良好的国际证券交易秩序。 本文以防范跨国证券欺诈行为、保护护投资者的利益为宗旨，运用分析和比较的研究方法，通过对跨国证券欺诈行为的表现形式的归纳，重点剖析了美国、欧盟及我国的证券反欺诈立法的发展现状，阐述了跨国证券反欺诈监管的国际合作成果，并且以美国法院审理的跨国证券反欺诈判例为代表指出了跨国证券欺诈的管辖权问题及美国证券反欺诈法律的域外适用情形。最后，本文结合2006年1月1日起实施的《中华人民共和国证券法》及相关法规中的具体规定，通过同其他国家证券欺诈民事责任立法的比较，指出了我国证券欺诈民事责任制度的不足和待完善之处，并且针对我国如何防止跨国证券欺诈行为提出了几点构想。更多还原

【Abstract】 With the internationalized development of global securities market, the transnational securities frauds become more and more intense. Since the great damages caused by transnational securities frauds not only brought disastrous loss to international investors, but also disturb the exchange order of international securities market, it is necessary to use legal instrument to control international securities fraud. Chinese government promised to open domestic capital market step by step when entering WTO, but the domestic securities market are still not completely open at present. Besides allowing domestic agencies to issue stock A and B, our country only allows domestic agencies to raise money in the overseas securities market. However, the foreign agencies still can not issue securities in domestic market. Therefore, in order to link lines with international capital market as soon as possible and perform the promise Chinese government made when entering WTO, our country must enhance the development of securities market internationalization on one hand. And on the other, under the large environment of international securities market, our country must keep the standardized development of capital market, control and restrain transnational securities fraud, borrow the legislative and judicial experience of western developed countries, strengthen the supervision and control cooperation with other countries, seek for better legal protection ways, maintain a good international securities exchange order while aiming at domestic agencies’ raising money abroad.For the purpose of preventing the international securities fraud, this paper, applying analysis and compare methods by concluding the expressive forms of international securities fraud, emphatically analyzes the securities anti-fraud legislative present condition of U.S., EU and our country. It also expounds the international cooperation achievements of transnational securities anti-fraud supervision and control, and taking U.S. courts’ transnational securities anti-fraud judicial precedents as an example pointsout that transnational securities fraud jurisdiction and extraterritorial application conditions of U.S. securities anti-fraud law. In the end, considering the specific provisions in the Securities Law of PRC enforced in Jan. 1, 2006 and some related laws and regulations, by comparing with other countries’ civil responsibility legislation of securities fraud, this paper states defects to perfect of Chinese securities fraud’s civil responsibility system, and also gives several propositions on how to prevent transnational securities fraud in China.更多还原