China's Stock Public Offerings Listing Audit System Study

Public offering and listing of stocks are the sources of the investment products in the stock market, and they are crucial important for the healthy and stable operation of the stock market. As the market access system of stock market, the verification system of stock public offering and listing has always been an important part of securities regulation system.This paper is composed of two parts:the introduction and the body part.The introduction points out the significance of this research and the research methods.The body part consists of the following four chapters:The first chapter is the overview of the verification system of stock public offering and listing. Firstly, this chapter introduces the public offering and listing of the stock,and then describes the meaning and necessity of the verification system of stock public offering and listing, finally introduces the two basic verification systems of stock public offering - chartered system and registered system, and two basic verification modes of stock listing - substantive examination mode and formal examination mode.The second chapter is about the verification system of stock public offering and listing of China. Firstly this chapter introduces the verification system of stock public offering and listing of China, and then analyzes the characteristics, causes and consequences of the current verification system of stock public offering and listing of China.The third chapter is about the verification systems of stock public offering and listing of some world's major stock markets. The author makes a specific investigation of the world's major stock markets on the verification systems of stock public offering and listing, including the United States, Japan, Germany, Hong Kong and Taiwan. By comparative analysis and evaluation, the author tries to summarize their common characteristics.The last chapter is about the author's proposals on the reform of the verification system of stock public offering and listing of China. Firstly, by drawing on the experience of world's major stock markets, the author puts forward some proposals on the reform of the verification system of stock public offering and listing of China. Secondly, this paper discusses on how to build a environment suited for the reform of the verification system of stock public offering and listing. At last this paper introduces the process of the reform of China's verification system of stock public offering and listing.