The Research On Protection Of Public Investors Based On The Delisting System Of Listed Companies In China

The confidence of securities investors is the foundation of securities market’s development, so the protection of investors, especially public investors is the vital part of securities market supervision. Shanghai Stock Exchange and Shenzhen Stock Exchange revised the standards and procedures of delisting in2012. At the same time, a set of measures were settled to promote the protection system of securities investors.Based on the fundamental theories, this article objectively analyses the influence of delisting on investors and raises the recommendations and suggestions on further development. Accelerate the transformation of government functions and thinking conscientiously and improve the protection system of investors, focusing on market-oriented listing and delisting procedures and establishing civil liability system of delisting, in order to protect common public investors and promote the better development of the whole securities market.