Research On The Share Repurchase System In Limited Company

Share repurchase, as one of the methods of managing assets and running capitals of corporation, has developed since decades ago in foreign countries. Western scholars have conducted the oretical and empirical researches on share repurchase. It is held that in a matured and highly developed capital market, share repurchase has various economic functions. Thanks to the understanding and needs of the reality, these countries that adopted the principle of prohibiting share repurchase have revised their commercial laws to lessen the restraint of share repurchase. They also expand the lawful reasons of repurchase, and regulate it from the capital resources and quantity of repurchase and so on. Meanwhile, share repurchase is still newly-born in China and one of financial innovations. It is one of hot topics in the securities market.This thesis which bases itself on the theory of share repurchase and the current trend of legislation in the world, makes analyses on the features of share repurchase and problems in its operation in China by applying the comparison method. It focuses on the introduction of new corporation law and some publicized legislative regulations of share repurchase. The thesis further discusses and analyzes the present regulations of share repurchase. At the same time, it elaborates some hot topics in the circle. The writer proposes some ideas of how to perfect the share repurchase system, and hopes that these may be heuristic and helpful to perfect the legislation of share repurchase in our country.