On Legal Protection Of The Right Of Small And Medium Investor In Public Limited Company

Small and medium investor is a major power of social investment ,which contain significance to development of listed company (Public Limited Company) and prosperity of Chinese stock market, However, the problem of Protection of Small Investors still now a relative weak link during the operation of listed company and stock market. Nowadays instead of insider dealing and false information ,the more serious invasion to Small Investors'interests is so call"legitimacy invasion"which account to illegal invasion covered by legal from ,such as"Tulinelling",bubble risk brought by stock high price and the different treatment between institutional investors and Small and medium investors due to stock releasing system . According to analysis and comparison of this Article ,the reason of those problems raise from the ignorance to confirm and protect Small and medium investor legal rights because of Chinese company strcture .the legal status of Small and medium investor as shareholder used to be ignored ,as the consequences of that to some extent the link between listed company and stock market break out.Concern about protection of Small and medium investor,campany structure stock market and protection of investor are systematic entirety.Only if we built the connection between investor and investor's legal status moreover the connection between price of stock and profits of stock in order to reduce the speculate feature of stock market and increase investor'reasonal repay,as the result we can avoid the bubble risk raised from hyping up in stock market .Based on these analysis ,this Article divide all means of protection of Small and medium investor into two ways, company structure reform and market rules reform .as the improvement of company structure are concerned ,we ought to recognize the value of company structure which purpose is to balance the power and benefits between all shareholders , shareholders and listed company ,so that they can restrict mutually and realize shareholders'benefits .only if the legal statures of Small and medium investor will has real guarantee which come from their legal rights, their interests will be satisfied .This article mainly talk about shareholders'vote system,trustee system and so on which account to democratic rights protection of Small and medium investor, furthermore some settlements are put forward ,to stock market ,public supervise ought to be provided in order to ensure listed company running well .the article put forward some reform about perfect stock releasing system and lawsuit ,and combine public supervise of government(outside) and litigation of shareholders(inside),in order to built the market rules which are partial to Small and medium investor'protection.