A Study On Several Legal Issues Of China's State-owned Shares Reduction

In 1999 and 2001, China implemented the measures of the state-owned shares reduction two times, but which was unsuccessful. In China, the economists study this issue more in the field of economics. However, the state-owned shares reduction is not only an economic problem, but also a legal issue. Especially under the situation that the regulations on the state-owned shares reduction are almost blank, the relevant law is more needed to formulate. Therefore, this thesis analyzes the relevant legal issues on the state-owned shares reduction from legal point of view and puts forward legislative proposals.This thesis firstly shows the questions, then analyzes the questions, finally solves the questions. At the same time, this thesis mainly uses a comparative analysis method, cases analysis method, legal economic analysis method and sociology analysis method.The state-owned shares reduction is a legal act of the national macro-control in nature. Its direct background is to raise social security funds, but the two times were failed. Next time will be a new round of state-owned shares reduction. Share repurchase is a program to reduce state-owned shares, which has certain advantages and obtained success earlier. There are some China's laws and regulations on the procedures for share buy-back. The reform of the shareholder structure is a new exploring in the process of the state-owned shares reduction. This successful reform will provide the experience for the completion of the reform of state-owned shares reduction. Therefore, the consideration and promise issues need to legally analyze, which is significant for the state-owned shares reduction. Supervision of state-owned shares reduction is an important issue. This thesis studies the subject of supervision, supervision structure and stock right transfer, which plays an important role for ensuring smooth, stable and order to reduce the state-owned shares. Foreign countries formulate the law and regulation in advance in the process of reducing the state-owned shares. In those countries, good legal environment is a guarantee for successful state-owned shares reduction. A deeper reason why China failed to reduce is the absence of law. Therefore, the special legislation for reducing shares of state-owned is necessary. This thesis gives a legislative framework from the objectives, principles, steps, procedures and other aspects of the state-owned shares reduction.