It has stipulated the administrative and criminal liabilities of market manipulation . while the private law in securities area is quite weak and the remedies of the victims ca n ' t be effectively recovered . it will undoubtedly be contradicted to the main purposes of china ' s securities law 目前我国证券法中的公法制裁手段比较完备,规定了操纵市场行为的行政责任和刑事责任,但是私法制裁相对薄弱,其结果往往是受害者的损失无法获得有效的弥补,这无疑是和我国证券法保护投资者的首要目的相悖的。