The first-level self-discipline management system led by trade associations is easy to lead to industry awards and form a huge interest group, which causes the dissatisfaction of the social investment public, and then hinders the national economic development and attracts foreign investment, so it is gradually abandoned. The British and Hong Kong governments have strengthened the management of the securities industry through various means in recent years, which is an example in this regard. In the mode of government management of the securities industry, the hierarchical management system is rarely adopted by people. The reason is obvious. Hierarchical management system The government managers' understanding of the securities industry, their T-skills, the degree of interest correlation and the limitations of the financial government's own budget have all caused the limitations of the government's management of the securities industry, and it is impossible to manage the securities industry effectively, reasonably, continuously and stably. The best way to overcome the above disadvantages is to use the self-interest of the securities industry to promote its self-discipline management, that is, the so-called "foreign control."
From a global perspective, it is the general trend to hand over the management of the securities industry to an independent government department. Over the past decade or so, many other departments, such as India, Thailand, the Philippines and South Korea, have set up American-style or prison-style securities management committees, which is proof. The securities industry is the product of the advanced development of commodity economy. Classified management system has many specific attributes completely different from finance and banks in terms of professionalism, extensive influence on the interests of all walks of life and importance to the national economy. Therefore, it is natural for an independent government department to manage the securities industry.
The securities industry should not be managed by the central bank, and the hierarchical management system is not only a matter of course, but also for more important reasons: First, the interests of the banking industry and the securities industry are different, and the hierarchical management system is a competitor in competing for social idle funds, with great potential contradictions.
Legal basis: People's Republic of China (PRC) Labor Law.
Article 3 Laborers shall enjoy equal employment and choice of occupation, remuneration, rest and vacation, labor safety and health protection, vocational skills training, social insurance and welfare, submission of labor disputes and other labor rights as stipulated by law.
Laborers should complete labor tasks, improve their professional skills, implement labor safety and health laws and regulations, and observe labor discipline and professional ethics.
Article 4 The employing unit shall establish and improve rules and regulations in accordance with the law to ensure that workers enjoy their labor rights and perform their labor obligations.
Article 5 The state adopts various measures to promote employment, develop vocational education, formulate labor standards, adjust social income, improve social insurance, coordinate labor relations, and gradually improve the living standards of laborers.
Article 6 The state encourages laborers to take part in social voluntary labor, carry out labor competitions and make reasonable suggestions, encourage and protect laborers to carry out scientific research, technological innovation and inventions, and commend and reward model workers and advanced workers.