Research On Legal Regulations Of Interrelated Guarantees In Listed Companies

China is in a period of rapid economic development that companies growing fast.In the process of participating in the market economy,cash support is one of the most critical elements to companies.The convenient way for companies to obtain funding support is getting loans.As loans require the companies to provide security,listed companies have become the main force to provide it.Many listed companies,with the same shareholders and interests belong to a group.this factor contribute to the phenomenon of related security exists between the listed companies.If a listed company provides substantial guarantees with property or reputation,it is possible to bear the great risk of debtor’s debt.Resulting from the lack of effective legal measures to restrict interrelated guarantees in our country,resulting in non-standard association interrelated guarantees damage the interests of small shareholders and creditors,which is the controlling shareholder of the companies’main method to transfer the property.To summary up effectively avoid the occurrence of such consequences,and regulating interrelated guarantees is of great importance to protecting the interests of investors and creditors.In addition to the introduction and conclusion,this paper is divided into three chapters,as following three chapters:The first chapter first analyzes the reasons why interrelated guarantees of the listed companies comes into being,followed by discusses of reasonableness and possible malpractice of interrelated guarantees.Finally,it puts forward the specific problems in the practice of listed companies’ interrelated guarantees,so as to make more specific solution in the follows in the passage.The second chapter research the legal norms of interrelated guarantee of listed companies of foreign country and Taiwan,and summing up the differences of legal systems of interrelated guarantees of listed companies in different countries and regions.At the end of the chapter,summing up the different of legal system between foreign country and China.The third chapter summarizes the legal systems and principles that are worthy of reference for our country.By this way,we can provide some suggestion for perfecting precautionary measures of the law and the system of responsibility assigning.