The Improvement Of The Delisting System Of Listed Companies In Our Country

Delisting system of listed company is an integral part of the legal system of securities system, establish and improve the delisting system of listed company to perfect the legal system of securities has important significance, is the guarantee of the securities market healthy and orderly development request inevitably. The lagging of the delisting system not only can cause the development of the securities market bottlenecks, will also lead to unreasonable resource allocation of listed companies, the financing efficiency is low, medium and small shareholders interests problems such as difficult to maintain. In this paper from the aspects of perfecting the delisting system of listed companies related operation opinions are put forward.Remove the introduction part, this article can be divided into five parts:first, define the research object of this paper is a listed company delisting system, and discusses the delisting system of listed companies are summarized implication, characteristics and the significance of the delisting system; Second, the mature securities market introduces the delisting system of listed companies, including the New York stock exchange, nasdaq, and the stock exchange of Hong Kong general situation of the delisting system design, through analyzing the characteristics of the summed up its system design; Again, the development of the delisting system of listed company of our country history review, and expounds the delisting system in our country at present, the relevant provisions of the Then, in the mature securities market and the delisting system of listed companies in China securities market systematically summarized in this paper, the premise, to explore, there exists the shortage of the delisting system of listed companies in our country, such as the delisting procedure is not comprehensive, for the protection of the interests of the listed company is not strong, the lack of accountability of those responsible, relief, multi-level capital market is not really established, lack of protecting minority investors’ benefit, etc.; Finally, combining with the characteristics of the development of Chinese securities market and mature securities market place can be used for reference, according to the delisting system of listed companies in our country is still existing problems put forward corresponding Suggestions.