证券市场发展初期，证券交易所由所在地人民政府管理，中国证券监督管理委员会监管，总经理由证券交易场所所在地人民政府会同证监会提名，理事会聘任，报证券委备案。随着沪、深证券市场由地方性市场发展为全国性的市场，这种以地方政府为主对交易所管理的体制，越来越不... In the initial stage of stock market development, the stock exchange is governed by the local people’s government and supervised by the China Securities Regulatory Commission. The general manager is nominated by the people’s government of the place where the stock exchange is located, with the appointment of the board of directors and the Securities Commission. With the development of the Shanghai and Shenzhen stock markets from a local market to a national one, the system dominated by the local governments on the exchange is increasingly not ...