Regulations On Connected Transaction Of Listed Companies In Corporation Law

With the development of our country's securities market, the scale of listed companies becomes larger and larger. Meanwhile, listed companies contact their connected sides more frequently. Large amount of connected transaction is attracting people's more attention. Fair and just connected transactions are useful for expanding the scale of companies, reducing costs and raising efficiency, while unfair connected transactions will damage the independence of listed companies and the integration of capital. What's more, they will offend the benefits of shareholders, creditors and other subjects of interest. Thus finally depart from the essential rules of market economy. So how to regulate connected transactions and how to take their fortes to make up their own defects are the problems we must resolve urgently. The regulation to listed companies is involved in corporation law, securities law, taxes law, account law and many other law fields. This article discusses the perfection of legislation on connected transaction of listed companies from the angle of corporation law.This article is divided into four parts. The first part analyzes the scope of subjects and the forms of connected transaction. The second part analyzes the features of connected transaction and their active and passive effect. The third and fourth part studies the regulations on fore and post connected transaction on the basis of learning from foreign legislation. In order to regulate connected transaction effectively, we should learn from foreign experiences and connect with our count's reality to amend and perfect the corporation law. For this aim, the article makes deeper discussion, which is expected to be helpful for regulating connected transaction of listed companies on the basis of perfecting corporation law.