To use administrative discretion correctly, we need not only the control via law, but also to establish some moral boundary.
行政自由裁量权的正确行使，不仅离不开法律控制，而且需要设立道德边界。
Administrative discretion's moral boundary consists of the moral principles which the administration subjects should follow.
行政自由裁量权的道德边界，由行政主体在行政自由裁量中应当遵循的道德原则所构成。
Through analyzing and categorizing of damage action within stock issue, exchange and intermediary markets, theory foundations that determine the boundary of administrative control are provided.
通过对证券发行市场、交易市场、中介服务市场存在的损害行为进行分析和归类，以为证券市场监管合理边界的确定提供理论依据。
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