Research On The Legal System Of China’s Listed Companies Delisting

In recent years, with the rapid and steady development of economy in our country, the securities market gradually tends to perfect. The securities market history of china is more than twenty years, and it has been through a qualitative leap from initial exploration to the present improvement gradually. As the basis of the securities market, listed companies which with good competitiveness adapted to economic trends on the market is the basic guarantee of the securities market. The delisting system of China’s listed companies require expenses and revenue, optimize and maximize the use of the resources, avoid malicious behavior of price controls, and protect the fair of the market, ensure the overall quality of the securities market. Strictly abide by the delisting system of China’s listed companies is conducive to creating a fair stock market atmosphere, is conducive to optimize the viability of listed companies, is conducive to protect the interests of small investors.Delisting of listed companies is a behavior that a listed company to exit the stock market, no longer take part in stock trading. In order to regulate listed companies delisting, China promulgated a series of laws and regulations and regulatory documents to restrict, however, at present, the delisting legal system in law of our country have exposed many problems, such as the lack of integrity legal system, the lack of diversity delisting criteria, the lack of maneuverability delisting procedures.Through the comparative analysis method, analyzed the mature foreign stock market legal system of listed companies about delisting, and with comparisons, from the advanced legal system, to improve the legal system of China’s listed companies delisting, In perfect delisting criteria and delisting procedures, we need to support the creation of mechanisms such as the protection of the legitimate interests of small investors.