| All of us know that the listed corporations in Chinese had a special exchanging road in the system of organization. The most of the listed corporations came from the government enterprise. Some of the better assets exchanged to the listed corporations,the remaining assets became the clique corporations. The clique corporations control the listed corporations. Because the listed corporations are binded to the clique corporations from they came into the world,the affiliated trades take place. By April 4,2002,about 670 listed corporations among the 1171 listed corporations had made public their annual reports of the year 2001. Among them 628 corporations involved affiliated trades,taking 93.7 percent in the total samples. The above mentions shows that affiliated trades have become a common atmosphere in the dealing of Chinese listed corporations.Though affiliated trades are neutral,they may also exert good or bad influences on social economy;On one hand,if the affiliated trades by the listed corporations are based on the open,just,fair and honest principles,they will protect the investors' lawful rights and interests. Furthermore,the affiliated relationship among the trading parties can largely save the business cost,time and promote the trading efficiency. However,on the other hand ,if no appropriate supervisions of law are given,the trading parties and listed corporations may take advantage of the trading conditions for the purpose of making unlawful interests for themselves. For example,they fabricate or transfer the profits to establish a fictitious phenomenon of prosperity. If So,the investors will be misled and the social resources cann't be propriately disposed. Moreover,it will hinder and disorder the healthy development of the stock markets,being harmful to a great number of investors as well as the big shareholders,at the same time,interfering the economic stability.A variety of affiliated trades take place among the listed corporations,involving trade contacts,property reorganizations,goods' selling and buying,property replacement and trusteeship. Among them fairness and unfairness are two most prominent characters. Therefore,the final solution to the problems is to control and regulate the unfair affiliated dealings.We make a penetrating analysis to the various atmosphere rising in the affiliated trades which were carried out for different purposes:increasing profits for the corporations or establishing a fictitious phenomenon of prosperity. Thus the affiliated trades may cause different influences on theprofit subjects. For example,the middle level and small shareholders usually suffer from great loss,and the big shareholders also suffer to some degree. The good or bad effects caused during the affiliated trades will attack the order of the stock markets.We can find out the objective reasons hidden in the various atmospheres in affiliated trades by analyzing the trading mechanism,and finally discloses the objective necessities for them:the property control by voting rights is the basis for affiliated trades. However,the imperfection reflecting on the management structure of corporats makes unfair affiliated trades come into existence. Finally,the deficient supervisions lead to the unfair tradings. In the policy-making system,the subjects' disposement on power can be divided into different levels. As a matter of fact,the final decision was controlled in the hands of a few people. So it is likely that they will carry out affiliated trades for their own purposes,and the large body of investors' interests were out of protection. The multi purposes in policy decision lead to the mutual existence of trading profits and adventures. By introducing the informal proportion of profit,the author sets up a mathematic model to explain how to control the unlawful income as to lessen the adventures and regulate the unfair tradings. To meet this end,affective supervision mechanism should be established. The standardization of the affiliated trades of the listed corporations must depends on the i...
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