The Rheology and Domestic Choice of the Concept of Negotiable Securities

The concept of negotiable securities is an important part of the basic theory of negotiable securities, and also the logical starting point of securities study. Negotiable securities have experienced many times of baptism from the concept doctrines whose purpose is to realize the legal and economic functions since it has been created in 19th century as an unique legal name of the continental legal system. However, the theories of commercial law of China do not do well in the study of the concept of negotiable securities, not to mention the basic study of unfixed security theory, so it isn’t conductive to developing the effectiveness of securities. By means of study on the rheology of negotiable securities concept, this paper analyzes the advantages and disadvantages of different concept doctrines and points out train of thought of the concept study of negotiable securities and its essential interpretation for theories of commercial law of China, which helps lay the foundation for theoretical study on negotiable securities.