The Research On Establishing And Consummating Of Delisting System Of Listing Companies In China

The development of securities market is exerting more and more influence on the economy with the greater importance of securities market in national economy. It was a long time before the establishment of the de-listing system in our securities market, and there were more and more illegal cases, preventing the development of the market. It will be theend of the age in which there is only entrance but no withdrawal in domestic securities market with the establishment of the de-listing system of listed companies. But at the same time, there are lots of problems hindering the carrying out of the de-listing system. Therefore, we analyze the market institution and the corporate governance, etc., with the theory of the market efficiency and modernized enterprise, as a conclusion, the causes of these problems are found, and the solution and measures for perfection are advanced.There are 5 parts in this article, including the synopsis of the de-listing system; the situation and comparison of de-listing system of listed companies in domestic and foreign countries; the main problems we are facing; the analysis of these problems; the ways of completing the system. In the last part, particular measures are put forward for perfecting the supervisory institution, for the changing of the equity structure, for establishing a relevant market system, and completing the corporate governance of listed companies, for the establishment of the evaluating system and the supervision and assistance department. That will bring it into the play in the market by cooperation of the de-listing system and other systems with completing the market system fundamentally.