On Regulatory System Of Chinese Non-Listed Public Companies

There are a lot of serious problems among Non-listed Public Companies in the national economic life and their stocks have become a major source of illegal securities trading.Since the performance of Securities Law,the regulation of Non-listed Public Companies has been referred to the agenda.The author has done numerous academic studies based on the foreign legislation and regulatory experience in order to search after the path of regulating Non-listed Public Companies,combined with Chinese relevant provisions and the actual situation of Non-listed Public Companies and emphasized on the issuance of stocks,exchange of stocks and the regulatory system of normative operation,specifically,the paper includes the following:Chapterâ… describes the overview of Non-listed Public Companies,the necessity of supervision and the target of regulation on Non-listed Public Companies.The chapter firstly defines on the concept and characteristic of the Non-listed Public Companies,then briefly introduces the history of Chinese Non-listed Public Companies,furthermore advises on the regulatory goals on protecting interests of public investors.Chapterâ…¡describes the regulatory system on the issuance of stocks of Non-listed Public Companies.First of all,the chapter advises Chinese Non-listed Public Companies should be regulated by the approval system of issuance of stocks.Furthermore,it describes specifically the regulating departments,regulating scopes,public offering conditions,non-public offering,the target of issuance of stocks and the sponsor system regarding the Non-listed Public Companies. Chapterâ…¢describes the stock exchange regulatory system of Non-listed Public Companies,including the setup of stock exchange market,equity registration and Information disclosure of Non-listed Public Companies.Chapterâ…£describes the regulatory system of Non-listed Public Companies on standardizing the operation.This chapter advises on the improving a number of operating systems of Non-listed Public Companies and makes specific recommendations on how to standardize the operation of Non-listed Public Companies.