数字经济视角下的新《证券法》——修订解读、实施支撑与未来展望

新《证券法》直接体现了数字经济的内容，主要有：将对客户保密制度升级为投资者个人信息保护制度，明确信息披露的载体包括证券交易场所网站，规定证券登记结算机构可以提供信息服务，在证券交易方面大幅度增加电子化交易的内容，尤其是新增了程序化交易和信息技术系统服务机构，等等。当然新《证券法》在信息技术系统服务机构和程序化交易方面需要进一步细化。而诸如互联网、云计算、大数据等数字技术都是数字经济时代的新型技术，它们虽然没有规定在新《证券法》中，但却对于新《证券法》的实施具有重要意义。未来包括投资性众筹、智能投顾和区块链结算在内的数字经济内容将会在新《证券法》的进一步修改中得到更多体现。

The New Securities Law from the Perspective of the Digital Economy——Interpretation of the Revision,Implementation Support and Future Prospect

The new Securities Law directly embodies the content of digital economy, mainly: upgrading the confidentiality system for customers to the protection system of investors' personal data, specifying that the carriers’information disclosure include websites of securities trading venues, stipulating that securities registration and settlement institutions can provide information services, and greatly increasing the content of electronic transactions in securities transactions. In particular, programmatic transaction and information technology system service agencies have been added. Of course, the new Securities Law needs to be further detailed in terms of information technology system service agencies and programmatic transactions. Digital technologies such as the internet, cloud computing and big data are all new technologies in the era of digital economy. Although they are not stipulated in the new Securities Law, they are of great significance to the implementation of the Securities Law. In the future, the digital economy, including crowd-funding, AI advising and block-chain settlement, shall be more fully reflected in the further amendment of the Securities Law.