Study On The Classes Shares System In China

Classes shares refers to two or more kinds of shares which aredifferent in nature, rights, obligations and benefit effects. Classes sharessystem is about the autonomous design of shares. In an increasinglycompetitive market economy, classes shares system has very importantsignificance. Classes share has a long history in major developedcountries. It has formed a relatively complete model and content, and hasa positive effect on economic development. Facing the global economiccompetition, it is necessary to set up classes shares system in thecorporation law. There is no clear stipulation in the Chinese corporationlaw on whether companies can set classes shares, and it is also a pity thatthere is still a blank in the study of this subject in China. So, in hope ofhelping the further study and construction of Chinese classes sharessystem, this article will explain and analyze the classes shares systemsystematically.In the first chapter, this article starts with the definition of classesshares, then there is a brief introduction to contents, characteristics, utilityand typical types of the classes shares, paving the way for the expositionof the later. In the second chapter, this article introduces the origin anddevelopment of classes shares in main developed counties such asAmerica, England, Germany, Japan and Korea, coming to an summarizeand inspiration and providing a reference for our country. In the thirdchapter, this article analyzes China’s current regulation, includingmisunderstandings on classes shares, China’s legislative and practice, soas to look for the space and environment in China’s existing laws toestablishes shares system. In the forth chapter, this article explains andmanaged to draw a conclusion to the practical significance and value consideration of establishing classes shares system in China, and analyzesthe relationship between classes shares system and modernizing companylaw, pointing out that classes shares system is not contrary to the principleof autonomy of private law and equity of shares. In the fifth chapter, onthe basis of the former discussions and analysis, this article gives somesuggestions, including the selection of legislative mode, the establishmentof classes shares and the protection system of shareholder’s rights. In theend, this article comes to a conclusion, and also hopes to do some help infurther study and construction of classes shares system in China’scorporation law.