The Perfection Of The Protection System Of The Investor's Rights And Interests Of Private Bonds In China's Small And Medium-sized Enterprises

The financing problem of small and medium-sized enterprises has received quite a lot attention for a long time.Since May 2012,China began to support small and medium enterprises to solve the financing problem of them and to promote further development of the national economy.Under this condition,many exchanges started to build small private enterprise bond regulations.Fundamentally speaking,the small and medium-sized enterprise private bond is a kind of high yield bond for investors,the bond investment will undoubtedly have a higher income,but in the process of the issuance of private bonds,investors will have a lot of risks.If these risks are not controlled ineffectively,stability of the rights and interests of the investors cannot be guaranted,and the financing question of small and medium-sized enterprise will not be solved,thereby affecting the healthy development of our national economy.Therefore,we need to develop effective system to protect the interests of investors.This thesis starts with the risk of private bonds of SME in China,analyzes the protection of the interests of investors in the process and the related measures of foreign protection of investors,and improves the mechanism of protecting the interests of investors in China.The first part is the introduction of SME private bond investment risk and the current legislation situation and the insufficiency,combing current situation of private bond investor protection in China's small and medium-sized enterprise system to solve the problem of constructing the system premise.The second part is the detailed analysis of the deficiency of the legal system for small and medium-sized enterprises of private bonds in protecting the interests of investors,combined with the specific relevant laws and regulations and case analysis,to pave the way for the perfection of the system.The third part is to analyze the system of investor rights protection in relevant foreign countries,in regards to the institutional environment,protection measures,the protection degree and the implementation of system,in order to find out the suitable experience for China's national conditions.The fourth part suggests the remedy for the case in China,constructing the protection system of private equity investors' rights and interests in China' s small and medium-sized enterprises in China,in related to the issuance of supervision,circulation,the relief measures afterwards and other aspects,and put forward that we should adhere to the principles and several measures to improve the protection of investors,from the perspective of society and small and medium-sized enterprises.