ABSTRACT
Investors are the essential part of an active capital market. Without their contribution, a market cannot operate. Whether investors can obtain sufficient protection may affect the efficiency of a market. In this context, financial regulators place this issue in a vitally important position. The Chinese securities market, as an emerging and transitional market, needs to pay attention to this topic, and improvements to the regime are required. In the last two decades, some cases and scandals caused economic losses to investors, and had further negative social impacts.
