| Gem in our country since established in2009, has been more than three years. During thisperiod, the growth enterprise market to promote the transformation of China’s economicgrowth model, which provides a new financing channel for small and medium-sized hi-techenterprises, provides investors with more investment options. In view of protecting minorityinvestors’ rights and interests of the gem legal system research, for the healthy development ofthe gem market in China is of great significance.This article besides the introduction, a total of four chapters. In this article, throughdeduction and empirical analysis methods, such as. First of all, the first chapter introduces thecharacteristics of the gem market and positioning, the definition of the gem put forward itsown views, summarizes the characteristics of the growth enterprise market and developmentcourse, summarized the main function of the growth enterprise market, points out that smalland medium-sized investors face the risk of the gem.Recommender system in the second chapter is mainly to our country the gem market,information disclosure system, delisting system analysis of the existing rules of theseproblems is closely related to protection of the rights and interests of medium and smallinvestors. Recommender system from the sponsor and the sponsor representative qualification,a sponsor of the sponsor and sponsor responsibility period and analyze the sponsors toviolation behavior, etc; Gem market information disclosure system in our country from theefficiency of information disclosure regulation, information disclosure, analyzes the contentof the disclosure of information; Finally to our country the gem retreat city summarizes thecharacteristics of the new rules, points out the bright spot of the gem retreat city new rulesexist in our country.The third chapter is mainly to gem in our country small and medium-sized shareholders’rights and interests of the cause of the damage are analyzed. Recommender system has mainlypointed out that a sponsor and sponsor representative qualification of the terms of the lack ofoperability, the sponsor and sponsor representative violations, illegal punishment is lighter,the sponsor and sponsor representative of the sponsor short maturity; Gem market informationdisclosure system is mainly the problems of regulatory efficiency is not high, information disclosure implementation does not reach the designated position, disclosure of the content isnot complete, not fully, the defect of information disclosure system of legal norms; Gemretreat city new rules in China although there are many bright spots, but the actual operabilityis not strong, the responsibility mechanism and the lack of compensation mechanism, themost important is the lack of form a complete set of investors rights protection trainingmechanism.The fourth chapter is the author from the perspective of protecting minority investors’rights and interests related to the growth enterprise market in our country legal system perfectrecommendations. Regarding to the legal system of sponsors, the main should be perfectsponsor qualification, will be a sponsor and violation of rationalization, extend sponsor; Onthe growth enterprise market information disclosure, the author thinks that should continue tostrengthen internal control, improve the information disclosure external supervision system,improve relevant laws and regulations, establishing and perfecting the system of informationdisclosure laws and regulations; Gem retreat city system in China is need to perfect thefinancial index, increase penalties for violations, strengthen risk awareness, establishinvestors training mechanism.Through the analysis of the gem institutions, we realize that the gem market in China hasmade some achievements, but in the medium and small investors’ rights and interestsprotection also exist many problems, in this paper, on the basis of combing and summary, putforward its own views, hope can help to the development of the gem in our country. |
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