The Study Of The Reasons, Effect And Controlling Of The Share-Repurchase In China

This paper probes into the practical significance of share-repurchase to the stock market of our country and proposes several suggestions on how to solve the existing problems in Share-repurchase.Share-repurchase as a general product when the stock market develops to a certain stage has its unique advantages. It is an important aspect in the financial management of the listing companies. Share-repurchase improves the regulating structures of the legal persons of the listing companies, strengthens the profitability of the listing companies, and besides it has great influence on the company's debt paying ability, divided distribution policy, regulation of the stock market and the accounting entity. Surely it is also one of the effective ways to realize the wealth maximum of the shareholders.Share-repurchase has long been a mature capital operation method in developed countries. But it is a financial innovation in our country.In view of the fact that the stock repurchase has become another new behavior in our country's stock market, this article intends to make a preliminary study of the stock buyback. This article first introduces some means and motives of the stock buyback in the mature capital market aboard, then it points out that in comply with our country's state situation, our country's stock buyback should have a China-type feature, finally it makes an outlook of the implementation range and the construction of laws, regulations and so on.