民族地区新四板市场法治化路径

我国的多层次资本市场的运行,是通过制定法律来维护和完善。但从民族地区新四板市场的运行情况来看,亟需利用法治化手段促进民族地区新四板市场的规范和发展。针对配套制度落后、监管制度不完善、挂牌企业参与性不高等问题,厘清民族地区新四板市场要坚持私募股权市场、重视自律监管、创新金融服务的发展路径。以秩序、效益、公平价值取向为主线,从准入、交易和监管三个方面来完善具体制度的构建。

On Legalization of New Four-board Market in Ethnic Areas

In china, the operation of multi-level capital market is maintained and perfected through laws. However, as for that of new four-board market in ethnic areas, priority should be given to normalization and development of the market promoted through law making. As for problems such as underdeveloped supporting systems, imperfect supervising systems, low participation of listed enterprises ,we should clearly stick to such development approaches as persisting in private equity market, attaching importance to self-disciplined supervision, innovating financial services. The main string should be such value orientation as order, benefit and justice. Specific systems should be perfected from these three aspects: admission, trade and supervision.