Research On Preferential Stock System

Preferred stock in the international market had already become a common classes of shares, in terms of investment and financing tool value is fully discovered and applied, also preferred shares also more and more in the protection of the legitimate rights and interests of small shareholders, improve corporate governance structure play a unique role. Our preferred stock system of days is too short, "the State Council on the development of preferred stock pilot guidance" and the preferred stock pilot management approach "release, the preferred stock of the development of China to promote the role, we should take this as an opportunity, for preferred stock theory research, in theory to guide Practice for as soon as possible from a legal point of view of preferred stock system for the perfection of the provisions.This reference to the legislative provisions of the company law, the securities law and the preferred stock pilot management approach ", from preferred stock issuance mechanism, voting mechanism to our country existing preferred regulations assessment, and puts forward suggestions to improve our preferred stock management system. Divided into the following three parts:The first part is the analysis of preferred shares basic theory problem, preferred stock of concept, characteristic and preferred stock system of our country value of such basic issues are discussed, to clarify the theoretical basis, for the study lay the foundation.The second part, overview of our preferred stock system legislation present situation, from the three aspects of mechanism for issuing preference shares and voting mechanism, exit mechanism analysis, then proposed our country preferred shares related system deficiencies.The third part, starting from the problems mentioned above, the issue of preference shares of the mechanism, the voting mechanism of the existing problems, the future of China’s preferred stock to build a proposal.