| As we all know, in the past 20 years, the development of China’s securities market continue to promote the rapid development of China’s economy. IPO system is also accompanied by the demands of the rapid development of China’s capital market has evolved, it has gone through the approval system and approval system. In recent years, China’s stock market has been difficult to play their rational allocation of resources function. In 2014, the IPO registration system to system change is written into the government work report, the Securities Act of 2015 to modify the proposal to the State Council, obtained by the NPC, the registration system reform accelerated. In this environment, the research registration system and its impact on sustainable development of listed companies can seek to be listed companies and the interests of sustainable development and stakeholders to provide a good reference and inspiration in the registration system, with better theoretical discussion and practical significance. In the introduction part of the thesis, the background and significance of the research were introduced on the basis of combing and reviewed existing literature on relevant research, a clear research methods, the main contents of the study and possible innovation.And in the elaborate theory based, first, on the factors affecting the capacity for sustainable development were analyzed, and the factors that influence can build quantitative indicators; secondly, analysis registration system for sustainable development of enterprises Mechanism. That the registration system on sustainable development of enterprises, there are differences in the different stages of business development, the impact of the mechanism is different:in the enterprise market stage, the registration system, only the audit materials, business is good or bad to judge only by the market, successfully issued It is the core objective; after the companies listed, strict information disclosure system of listed companies registered under the system’s daily production and business activities will play a role in governing and regulating registration system supporting systems such as the market short system, collective litigation, there is a delisting system will be governing and regulating the production and operation of enterprises, and promote sustainable development of enterprises.For further detailed study, selected Vipshop in 2012 to register the system for the IPO system will be listed on the NYSE as a case analysis of the issue and the stage after the listing, registration system will be the only product on the ability of sustainable development mechanism and effect.Based registration system and its theoretical analysis and case of listed companies the ability to influence the sustainable development of the research, the paper concludes with some suggestions to promote the only product registered under the system of ecological sustainable development, as well as giving to be listed in the registration system and hope sustainable enterprise reference and inspiration. |
