The Normalization Of Related Transactions For Listed Companies

After the research on related transactions in China and western countries, found that: the process of related transactions should follow the principle of justice, impartiality, open, and under the supervision of related law. Fair related transactions can bring economies of scale and improve transaction effiency and the competence of listed company. However, the instances that enterprise group control listed companies'profit and transfer their interest by unfair related transactions happen now and again in Chinese capital market. This harms both listed companies and minority shareholders, and also impacts the stabilization of capital market.Aim at the essentiality and urgency of the normalization of unfair related transactions in China, author emphasizes that on the base of the situation of China, we should take the experience and supervise systems in western countries as referrence to improve our related transaction's supervise system and independence director system, optimize listed companies'shareholding structure, and set up the independent proclaim system for related transactions to normalize the related transactions of listed companies.