The Study Of The Supervisory System Of The Listed Company In China

The supervisory system of the listed companies is an important part of security markets. For if the supervisory system is not efficient, it will aggravate the listed companies' activity in violation of rules and regulations, thus damage investors' interests and the normal order of the security markets. Every country in the world pays great attention to the supervision of listed companies. So does China. Since security markets were set up in 1990 in China, the mechanism of the listed companies hasn't changed along with the change of the system, because of deeply government administration. In internal management respect, the structure of the juridical person controlling structure of listed companies is still on the stage of planning. There are serious twisted behaviors and mechanisms in listed companies. In external supervisory respect, there are still obvious phenomenon of laws and regulations imperfection and supervisory and restricting system absence. These indicted that we should have heavy responsibilities in the supervision of listed companies. This article aims at the analysis of the violation of listed companies and sums up supervisory measures of raising supervision efficiency and reducing practices of listed companies. At present, the reasons of the violation of listed companies in China are generally as follows: Supervisory laws and regulations system is imperfect; The function of the supervising subjects is not clear; The structure of administering supervised target is not reasonable; Supervisory principles is not correct; Intermediaries lack of sincere consciousness and our country lacks of reasonable investors. To the question existing in supervising and on the basis of using some developed Western country experience, some suggestions are proposes in this article that may help perfect the supervisory system in China. They are as follows: To establish basic principle of supervision of listed companies; To set up principles that keep with international practices; To perfect supervisory laws and regulations; To earning organization investors' role in supervision of listed companies to play; To continue to perfect the management structure of listed companies' juridical person controlling; To strengthen the self-building of supervisory main body of listed companies and to strengthen the supervision of intermediaries.