Research On Legal System Of Stock Repurchasing

The legal system of stock repurchasing originated with the rising of capital market in American in 1970s. Each state permits the feasibility of stock repurchasing and meanwhile makes it under certain supervision, for it has advantages as well as disadvantages. In this thesis paper, we firstly clarify the practical magnificence of stock repurchasing in China through the analysis of its theory, and do some research on certain legal issues with regard to Chinese stock repurchasing practice. Then we compare China's stock repurchasing system to the two typical world modes of stock repurchasing, which are German Mode and American Mode, finding the shortcoming of the amendment of stock repurchasing in 2005. In the end of essay, we focus on the consummation of the system of stock repurchasing in China's Corporation Law & Security Law, hoping to better this system.