司法制度論文中國(guó)與美國(guó)證券私募法律制度的對(duì)比研究

1、中國(guó)與美國(guó)證券私募法律制度的對(duì)比研究 中國(guó)與美國(guó)證券私募法律制度的對(duì)比研究 comparative study on china private placement law and u.s. private placement law【中文摘要】 證券私募是當(dāng)今社會(huì)經(jīng)濟(jì)中一種重要的融資方式,但是在我國(guó)證券私募的法律規(guī)定還處于一種缺失的狀態(tài),而現(xiàn)實(shí)中卻已經(jīng)有了很多類似于私募的經(jīng)濟(jì)現(xiàn)象。為了能構(gòu)建出適合中國(guó)的完善的證券私募法律制度,借鑒當(dāng)今證券私募法律制度最為完善的美國(guó)的相關(guān)經(jīng)驗(yàn)成為了最好的方法。本文通過(guò)對(duì)中國(guó)與美國(guó)證券私募法律制度的對(duì)比研究,為構(gòu)建中國(guó)的證券私募法律制度提出了相關(guān)的建議。本文在論

2、述過(guò)程中主要運(yùn)用了比較分析研究法、實(shí)證分析研究法和案例分析研究法。本文的基本結(jié)構(gòu)框架為引言、結(jié)論再加上正文的四章:引言部分介紹了本文選題的背景、原因、意義、典型性案例以及寫作過(guò)程和論文的結(jié)構(gòu)邏輯關(guān)系第一章:證券私募的相關(guān)概念界定。本章先是通過(guò)對(duì)證券、證券發(fā)行審核制度、注冊(cè)豁免和證券私募發(fā)行這四個(gè)基本概念進(jìn)行了分析界定,再通過(guò)對(duì)私募與非公開發(fā)行、小額發(fā)行、私募基金、非法集資與民事借貸這些相似概念進(jìn)行區(qū)別分析,來(lái)明確私募法律制度中的這些基本概念內(nèi)涵與外延,為接下來(lái)的研究奠定理論基礎(chǔ)。第二章:中國(guó)建立證券私募法律制度的意義及現(xiàn)狀分析。本章首先探討了證券私募制度的法律價(jià)值,接著通過(guò)對(duì)私募本身的發(fā)展過(guò)程

3、的研究介紹了私募的優(yōu)點(diǎn),并結(jié)合中國(guó)的具體現(xiàn)狀說(shuō)明了私募對(duì)于中國(guó)經(jīng)濟(jì)發(fā)展的意義。最后本章對(duì)現(xiàn)今我國(guó)私募的相關(guān)實(shí)踐進(jìn)行了具體考察,不僅羅列了中國(guó)現(xiàn)實(shí)中所有與私募相關(guān)的實(shí)踐行為和其所依據(jù)的法規(guī),并且在對(duì)這些實(shí)踐行為與法規(guī)進(jìn)行分析后,得出了我國(guó)現(xiàn)階段的私募制度處于一個(gè)探索發(fā)展階段的結(jié)論。第三章:美國(guó)證券私募法律制度的構(gòu)建過(guò)程。本章首先對(duì)美國(guó)證券法律制度中與私募相關(guān)的概念進(jìn)行了介紹,在此基礎(chǔ)上按照時(shí)間順序詳細(xì)的介紹了整個(gè)美國(guó)證券私募法律制度的構(gòu)建過(guò)程,通過(guò)時(shí)間順序的排列方式可以清晰而直觀的了解到美國(guó)證券私募法律制度構(gòu)建過(guò)程中的標(biāo)準(zhǔn)變化及理念變化的過(guò)程。最后對(duì)美國(guó)的證券私募法律制度構(gòu)建過(guò)程進(jìn)行了整體上的評(píng)

4、價(jià)。第四章:中國(guó)建立證券私募法律制度的思考與建議。本章首先對(duì)中國(guó)和美國(guó)私募法律制度從總體層面和具體層面進(jìn)行了詳細(xì)的對(duì)比分析,并通過(guò)中美私募的對(duì)比來(lái)分析中國(guó)的私募前景。最后在基于上述研究的基礎(chǔ)上提出了在證券定義、審核制度和豁免制度、發(fā)行人的資格標(biāo)準(zhǔn)、私募對(duì)象的資格標(biāo)準(zhǔn)及人數(shù)、私募規(guī)則的制定主體、私募證券的轉(zhuǎn)銷售規(guī)則、反欺詐條款和證券民事責(zé)任等八個(gè)方面的完善我國(guó)證券私募法律制度建設(shè)的建議。結(jié)論部分:結(jié)論對(duì)全文的內(nèi)容進(jìn)行了概括性總結(jié),強(qiáng)調(diào)了在我國(guó)現(xiàn)實(shí)急需證券私募法律制度的情況下,應(yīng)該通過(guò)借鑒美國(guó)證券私募法律制度構(gòu)建的經(jīng)驗(yàn)與對(duì)我國(guó)現(xiàn)實(shí)狀況的實(shí)踐分析,來(lái)構(gòu)建出完善的適合我國(guó)的證券私募法律制度?！居⑽恼?/p>

5、】 the private placement is a important financing method nowadays. however,private placement legislation is far from perfect in china,while economic phenomenon similar with privet placement has already rise actually.it would be an ideal way to study u.s.private placement law experience which develop

6、most in the world,in order to outline chinas relevant law.this thesis aims to give some suggestions on china private placement legislation by the comparative study on china private placement law and u.s.private placement law.comparative and comparison study,empirical analysis and case analysis are t

7、he principal methods applied to the demonstration process in the thesis.the basic structure of the these includes the introduction,the body consisted of five chapters and the conclusion.chapter 1:the definition of private placement.in this chapter, firstly the writer has analyzed the definitions of

8、security,private placement and exempted from registration.secondly,the writer has outlined and discussed a series of similar concept including private placement,public offering,small issue and private offered fund by comparison study method so as to lay the theoretical foundation for further study i

9、n the next chapter.chapter 2:the analysis on the meaning and present situation of china private placement legislation.in this chapter,firstly the writer has discussed the legal significance of private placement.secondly the writer has explained the advantages of private placement with the study on t

10、he develop process of private placement,and has discussed the economic significance of private placement under chinas contemporary situation. thirdly the writer has specifically studied private placement practice in china by enumerating and analyzing all private placement activities and relevant reg

11、ulations in china and has made the conclusion that chinas private placement law is still in chaos at present.chapter 3:the construction process of u.s.private placement law. in this chapter,firstly the writer has explained the construction process of u.s.private placement law chronically on the basi

12、s of a brief introduction to the concept of private placement in u.s.security law.so it is presented directly and clearly that how the standard and philosophy changed during the construction process of u.s.private placement law.secondly the writer has commented on the construction process of u.s.pri

13、vate placement law.chapter 4:opinions and suggestions on china private placement law construction.in this chapter,firstly the writer has particularly made a comparison on the system for examining and verifying the issuance of securities,the different types of securities and the respective definition

14、s,the definition of private placement and the private placement practice based on the prior introduction to private placement in china and u.s.secondly the writer has made the conclusion that it is possible for china to construct mature private placement law system in the future.the writes has given

15、 his suggestions about private placement legislation on security definition, examining and verifying the issuance of securities,exemption from registration,distributor qualification,the object qualification of private placement and the legislator of private placement.conclusion:the conclusion portio

16、n has generalized and summarized the thesis main idea,and has emphasized the necessary to learn from u.s. private placement experience and combined chinas situation in order to construct chinas private placement law in respond to the urgent need in china at present. 【中文關(guān)鍵詞】 證券; 私募發(fā)行; 注冊(cè)豁免; 私募發(fā)行對(duì)象 【英

17、文關(guān)鍵詞】 security; private placement; exempted from registration; object of private placement 【畢業(yè)論文目錄】摘要 4-6 abstract 6-7 引言 10-13 第一章 證券私募的相關(guān)概念界定 13-20 一、概念定義 13-16 (一) 證券 13 (二) 證券發(fā)行審核制度 13-14 (三) 注冊(cè)豁免 14 (四) 證券私募發(fā)行 14-16 二、相關(guān)概念的區(qū)分 16-20 (一) 證券私募發(fā)行與非公開發(fā)行 16 (二) 證券私募發(fā)行與小額發(fā)行 16 (三) 證券私募與私募基金 16 (四) 證券私

18、募與非法集資、民事借貸 16-20 第二章 中國(guó)建立證券私募法律制度的意義及現(xiàn)狀分析 20-29 一、證券私募制度的法律價(jià)值 20-21 (一) 證券私募制度的效率價(jià)值 20 (二) 證券私募制度的公平價(jià)值 20-21 二、私募的意義 21-24 (一) 私募的起源 21-22 (二) 私募的優(yōu)勢(shì) 22-24 三、我國(guó)私募的現(xiàn)狀 24-29 第三章 美國(guó)證券私募法律制度的構(gòu)建過(guò)程 29-42 一、美國(guó)證券制度相關(guān)背景 29-30 (一) 注冊(cè)制 29 (二) 豁免制度 29-30 (三) 證券范圍 30 二、制度構(gòu)建過(guò)程 30-40 三、對(duì)美國(guó)證券私募法律制度構(gòu)建過(guò)程的評(píng)價(jià) 40-42 第四章 中國(guó)建立證券私募法律制度的思考與建議 42-57 一、中美私募法律制度的對(duì)比分析 42-50 (一) 總體層面的對(duì)比分析 42-44 (二) 具體層