The Study On The Legal System Of China Treasury Shares System

Treasury shares system is a special system that after the world financial crisis, whichhave been gradually relaxed deregulation and have a great development. Experienced afinancial crisis, western countries have recognized the unique role of the treasury shares tosave the stock market crash. System of treasury shares related to the company’s capitalmaintenance, treasury stock system did not accepted by China. But as more and more perfectin foreign, the advantages of the system gradually highlighted, while the harm has also beenstrictly limited within an acceptable range by the law, so in recent years, many countries havecome to accept the treasury shares system or relaxation of the control. The promulgation of thenew company law in2005marked the attitude of our country to the treasury shares systemfrom the principle of prohibition to prohibit exceptions allow. Legislative changes, legalresearch of China’s treasury stock system to provide more room for development. Foreigntreasury shares system has been developed quite completely, for our country treasury stocksystem is only in the terms of a preliminary test, the control to the treasury shares is very strict,in many areas there is no release to treasury stock system, so the study is quite necessary andvaluable. From the logical structure, the article first elaborated on the treasury shares, and havea demonstrate to treasury shares System objects and system content. Then began to do acomprehensive analysis to the system of treasury stock, including its background, functionsand corporate use of treasury shares,the attitudes and requirements of the mature Westernmarket to the system of the treasury shares system,implementation risks and Abuses, etc.Through a series of analyzes of treasury stock system, draw a treasury stock system is amature tool in the securities market field, from China’s legislative trends and in the form ofeconomic development,the establishment of Treasury stock system is a trend. The next analysisis the historical evolution and the status quo of the system of treasury stock, and examples ofsome problems in our company use, under the existing legal provisions on treasury stock system.Finally, according to analysis by the above reasoning and examples, the article gives a numberof recommendations against our country’s legal issues of treasury shares system.