Governance challenges and countermeasures of insider trading in securities market
In recent years,the number of insider trading cases in China's securities market has been continu-ously increasing,with diversification of actors,more complex behaviors,and higher turnover.To address these issues,data of insider trading cases from 2013 to 2022 were selected from the official websites of the China Se-curities Regulatory Commission(CSRC)and the China Judicial Instruments Network(CJIN)for in-depth a-nalysis.The findings revealed that insider trading governance faces several challenges,including the covert na-ture of trading,the actors'strong anti-investigation awareness,the lack of strict enforcement of the real name system for securities accounts,the limitations of external regulation,and the absence of internal management.To enhance the governance of insider trading,this paper proposes the following measures,such as improving the legal and regulatory framework for insider trading,strengthening internal and external regulation,utilizing big data and othier technologies for dynamic monitoring of trading,and enhancing the management of securities ac-counts.
insider tradingillegal costdynamic monitoringreal-name account system
万方数据
维普
