Research Of Legal Issues Regarding The Stock Non-public Placement

The development of economic can’t get away from the healthiness of market, and the strong of business enterprise can’t get away from the adequate fund. As a convenience path of business enterprise margin, stock non-Public Placement increasingly become a beneficial complement of stock Public offering by dint of that can open widely a business enterprise margin outlet, suppress the phenomenon occurrence of illegal raised capital,improve the company, manage structure, reasonably install resources of direct and manage, raise efficiency of direct and manage. In America, the law of security which established in1933done Private Placement of stock Provision, and established the legal Position of stock Private Placement. In2002, Taiwan of china also modification the law of company and the law of security exchange, explicitly take stock Private Placement as a category of security Publish. Develop gradually along with our country security market with perfect, stock non-Public Placement as a stock market development and Perfect outcome, also increasingly become the important margin method of the business Enterprise in our country, and also established its basic system in newly the law of security, the law of management of the listed company security. But the existing system Provision still stays around a rougher level, still exists a very big margin in the system Provision with opposite and flourishing stock market of the United States and Taiwanese region,50it obstructs stock non-public Placement advantage exertive, disadvantages in the margin of business enterprise.Therefore, this article take research of private offering of shares by dealing with draw lessons from foreign experience, to specify the object scope of the private offering shares through legislation, establish private offering shares trading venues, strengthen supervision and improve the legal liability system to private offering shares for regulation, optimization of private offering system in China and guide the private offering shares to regulate development.