On The Legal Protection Of The Rights And Interests Of Small Investors After The Reform Of The Shareholder Structure

There were many papers and literatures can be found about the protection of minorities shareholders in the past of china. Most of them, however, were dissertated under the special background of separation of shareholder's rights .i.e. some of them can be traded on the stock market and others not. On the circumstance, some scholars claim that it is a false topic for the protection of minorities and can not be resolved only by the reform of legal system. In the real life, the reason for minorities shareholder oppressed is not by the legal system but by other factors. Therefore, it is a social and political problem caused by the separation of shareholders rights. Many people think that with the completion of the reform, most of listed companies will improve corporation governance and make a common benefit background between all shareholders.Currently, the reform was nearly finished. Does that mean china stock market have stepped into a perfect stage and it is not necessary to give special protection for minorities shareholders? The answer has given by the foreign developed stock market, i.e. no.In addition, structure of the shareholder right after the reform will probably turn into decentralization. This discussion is on the basis of stock market's reform. The title of this paper is minority investors other than shareholders accordingly. But in terms of this paper, they are of the same meaning.The main creation is the prediction for the protection of minority investor's rights after the reform. Through compared with the reason of minority shareholder oppression and referring the experience of foreign developed countries, I present some advices and measures to solve these problems.