CAJ | 학술논문

在ECFA背景下，大陆与台湾之间的经贸合作必将进一步深化，此时研究台湾证券市场对大陆企业的制度开放问题具有重要的现实意义。本文认为，同属于“亚洲四小龙”的香港在经济发展历程、经济发展战略上与台湾都非常相似，而资本市场从一开始就是附属于实体经济的，是为了满足实体经济资金融通需求而发展起来的，因此，香港证券市场的成功发展策略对台湾证券市场具有很好的借鉴意义。本文研究了内地与香港CE—PA协议及其附加协议中对大陆企业融资开放的规制，认为大陆与台湾可以在ECFA附加协议的框架内达成台湾证券市场对大陆企业的融资开放，并进一步研究融资开放过程中相关法律法规的协调、有效监管体系的构建等制度构建问题。
재ECFA배경하，대륙여태만지간적경무합작필장진일보심화，차시연구태만증권시장대대륙기업적제도개방문제구유중요적현실의의。본문인위，동속우“아주사소룡”적향항재경제발전역정、경제발전전략상여태만도비상상사，이자본시장종일개시취시부속우실체경제적，시위료만족실체경제자금융통수구이발전기래적，인차，향항증권시장적성공발전책략대태만증권시장구유흔호적차감의의。본문연구료내지여향항CE—PA협의급기부가협의중대대륙기업융자개방적규제，인위대륙여태만가이재ECFA부가협의적광가내체성태만증권시장대대륙기업적융자개방，병진일보연구융자개방과정중상관법율법규적협조、유효감관체계적구건등제도구건문제。
In the background of ECFA, the economic and trade cooperation will be further deepened between China mainland and Taiwan region, and it is significantly important to analyse the stock issue institutions for enterprises China mainland in which the Taiwan Stock Exchange implements at the moment. This paper argues that Hong Kong＇s economic development process and economic development strategy are very similar with those Taiwan＇s of both belong to the “Asian Tigers”, The capital market is always attached to the real economy to meet the need of financial intermediation for the enterprises. The success of Hong Kong securities market development is a good reference for Taiwan’s securities market. This paper studies CEPA and its additional protocols that are related to the regulations of corporate finance for chinese enterprises. China mainland and Taiwan Region may reach an agreement for opening Taiwan stock market to Chinese enterprises within the framework of the ECFA agreement. It makes further research on the coordination of funding laws and regulations of the two regions, building an tion problems. effective monitoring system and some other institu