The Research Of The Faith And Corporate Governance In Chinese Listed Corporate

The construction of China’s capital market, though started late, but thedevelopment is very rapid development from the Shanghai and Shenzhen stockmarkets started in1990to2011involving manufacturing, informationtechnology industry, the financial sector, real estate and other13categories,2,245listed companies covering the major industries in the national economy,the pace of development continues to accelerate. Indicators of marketcapitalization, trading volume, the amount of funding, listed companies Number,China’s stock market has become the second largest market in the world.However, due to China’s economic development has long been in the situation ofshortage of funds, the establishment of the capital market to a large extent isonly formal change in order to meet the financing needs of listed companies,corporate governance structure, the governance structure of many listedcompanies is just a framework lead to its lack of restraint mechanisms inoperation, various fraudulent scandal uncommon greatly harm the interests ofinvestors, a blow to the confidence of the market, led to the public generally questioned the integrity of the listed companies, impede capital marketscontinued healthy development. Although in recent years, with the introductionof the Companies Act, the Securities Act, and the China Securities RegulatoryCommission, the Exchange regulations, the supervision of the relevantdepartments continue to strengthen, listed companies standardize operationallevel has increased, but there are still a number of listed The companiesfrequently touched regulatory red line, the crime against the wind, scandals,despite being banned, and strengthen the integrity of the building of the listedcompanies is imperative to become public and common managementrequirements. SFC Chairman Guo Shuqing repeatedly stressed on severaloccasions, illegal break its promise to the market of zero tolerance toeffectively increase its efforts to take effective measures to resolutely crackdown on the illegal acts of dishonesty, and severely punish lawbreakers, toprotect the interests of investors and maintaining market confidence.Through the study found, led to the integrity of the listed companiesrecurring issue for many reasons, but the root cause is that the equity structure oflisted companies and corporate governance structure caused by defects. Thesedefects will lead to serious public hazard, not only relates to the listingCorporation body, will also extend into the stock market, market economy,social issues, the interests of the state and other aspects, all listing Corporationintegrity question not only the enterprise is a problem, or a public problem.Therefore, further deepen the reform of the shareholding structure of listed companies, to improve the internal governance structure of listed companieslack credibility is the most effective means of governance. This is the main pointof view and discusses the content. Author under the guidance of the integritytheory and the theory of corporate governance, lack of induction of the variousmanifestations of the integrity of the current listed company and theshareholding structure of the company’s current situation and defect analysis todemonstrate the integrity of the listed companies and the relationship betweenthe corporate governance structure, on this basis, in order to effectively solve theproblem of the credibility crisis of the listed companies on how to improve thegovernance structure of listed companies of discussion of ways andcountermeasures. The papers draw on the valuable experience of the foreignlisted company governance structure, focus from internal and externalgovernance structure to improve the corporate governance structure: on the onehand to reduce agency costs, adjust the shareholder structure and update theincentive structure; the other hand, from an external intermediary serviceagencies and government laws and regulations the system’s perfect start.