The Research Of Perfecting Withdraw Law System Of Listed Company In China

Goes on the market the withdraw law system of listed company is the important constituent of a complete stock market legal framework. From the experience of the withdraw law system of listed company of the overseas stock markets , to establish a perfectly drawing back the city system not only is good to the optimized disposition of stock market investment fund, the supervision of the market company's operation efficiency, the improvement of the market company's structure, also is helpful for cultivating the investor's rational investment thought, protecting the weak investor's benefit.Our country set the system of the withdraw law system of listed company in 2001 which is not perfect, the rule is too simply, serious administrative tendency and is not actually operated. In order to further strengthen market company's supervising and managing, promotion the stock market's prosperity, it has the extremely significant to establish moderate drawing back system for the market company. Recently (on June 2, 2005) the Negotiable securities surveillance management committee presidents still the forint proposed the Negotiable securities surveillance management committee must adopt five measures impetuses capital market reform which includes further consummated of the withdraw law system of listed company in the world stock market forum speech.How to establish a mechanism of the market company drawing back of the list under the new market environment conforms to the market requirement is the main purpose of the research. It should concerns some new rules not only the analysis of the flaw of existing laws and regulations, but also the small and medium-sized enterprise drawing back system which has not been involved in the laws and regulations, the litigation system of the market company being forced to draw back the list, the protection of the benefit of the small and medium-sized stockholder after the company withdrawal.The discussion on public company withdrawal system should not repeat on concept and significance of the existing related writings but practically innovate. The article's key point lies in: analysis of the advantages and disadvantages of the existing public company withdrawal system; comparison of the related stipulations on public company withdrawal system of current mature stock market; conception of the public company withdrawal laws in the future.