Research On The Protection System Of International Board Investors

The beginning of listing foreign companies in mainland China is already an irresistible trend. There is every indication that International Board is around the corner. In every and each Security Market around the world, the consummate protecting of the benefits of investors is always the bedrock of the Security Market. Whether the protection of investor rights is great enough determines the wax and wane of the Security Market.There are four chapters in the main body to discuss the theory and practice of every links of the protection of investors in the International Board.The first chapter is about the relevant notions, with emphasis on the analyses of the theoretical assumption and incentive of foreign companies go listing in China, including the legal and economic incentive, and also analyze legally the investors’ rights and the protection of it, and discuss three theories, which are efficient market theory, Asymmetric Information Theory, securities fraud;The second chapter is about the risks investors face and the analysis of the causes, specifically analyze the fact that the registration place and the location of the shareholders are in different countries which leading to the cross-border exercise of equity causes lots of risks, and try to further analyze the causes, and pointing out the shortcomings of the current policies in China;The third chapter is about the lessons from the experience of investors protection for the International Board aboard, and analyze the successful experience of building the International Board in Hong Kong and Anglo-American security market, as well as draw lessons from Japan’s failure, hoping to get both technological and institutional late-mover advantage;The forth chapter is about some proposals. of investors protection for the International Board in China based on the foreign experience: advance the transparency of the information disclosure policy, strengthen the protection of investors’ common interests, strengthen multilateral international cooperation, carry out the investors’ rights to judicial remedy, suggest to build investor protection organization and so on, to promote the International Board be built in China successfully.