A Study On The Suspension And Resumption System Of Stock Exchange Of Listed Companies In China

the stock suspension and resumption system is a basic system of the stoc k market.The original intention of the suspension and resumption of trading system is t o provide investors with sufficient information evaluation opportunities,ensure that the information can be fully spread and ensure the symmetry of information,so as to stabili ze the trading order of the market,reduce trading risks and avoid violent fluctuations of the stock market.However,on the other hand,the suspension and resumption of trading system itself is also a restriction on trading.It stops stock trading and delays the trading demand,which is fundamentally a restriction on the trading right of shareholders.According to the analysis of China's current market situation,the suspension and resumption system has become a means for major shareholders to seek personal gains and listed companies to avoid risks to some extent.For example,the "long-term suspension","arbitrary suspension “"long suspension" and other problems in recent years have not only deviated from the legal logic,but also seriously affected China's market order and damaged the rights and interests of minority shareholders.Although China is constantly reforming and improving relevant systems and taking active measures to solve the problems,it is difficult to implement the measures in practice due to implement the measures in practice due to the complexity of China's market players and the particularity of the suspension and resumption of trading system,so as to protect the rights and interests of minority shareholders.Therefore,it is necessary to start from the perspective of the protection of the rights and interests of small and medium-sized shareholders to conduct a special study on the suspension and resumption of stock trading system of listed companies in China,so as to optimize and improve the suspension and resumption of stock trading system,return the suspension and resumption system of listed companies to its logical track and give play to its due institutional functions.This paper mainly studies the suspension and resumption of stock trading system through six parts,focusing on the problems related to the suspension and resumption of stock trading system of listed companies in China,and puts forward Suggestions for improvement through the macro and micro levels.The first chapter is the introduction.This chapter mainly introduces the research background of this paper and the research situation at home and abroad.The second chapter is the theoretical basis of the suspension and resumption of stock trading of listed companies.This chapter systematically introduces the connotation of the suspension and resumption of trading system as well as the function and purpose of the suspension and resumption of trading system.The third chapter is the analysis of shareholders' rights in the process of suspension and resumption of stock trading of listed companies.By analyzing the rights of shareholders in the process of suspension and resumption of stock trading,this chapter discusses the conflict and balance of relevant rights and interests in the process of suspension and resumption of stock trading,and provides a theoretical basis for how to better improve the suspension and resumption of stock trading system.The fourth chapter is the reality investigation of the suspension and resumption of stock trading system of Chinese listed companies.This chapter mainly covers two aspects: one is the investigation of the current situation of legislation,analysis of the current stage of China's relevant laws and regulations on the suspension and resumption of licensing system;The second is about the analysis of the practical situation,analysis of the market situation in the suspension and resumption of the system of deficiencies and impact.The fifth chapter is the reform and improvement of the suspension and resumption of stock trading system of China's listed companies.This chapter also mainly covers two aspects: one is the analysis and summary of the suspension and resumption of licensing system in and outside the domain,to explore the successful experience that our country can draw lessons from;Secondly,based on the current situation and problems of China's suspension and resumption of licensing system,this paper probes into the improvement Suggestions of the suspension and resumption of licensing system.From the perspective of macroscopic and microscopic analysis,the paper focuses on the improvement of laws and regulations at the macroscopic level and five mechanisms at the microscopic level.The sixth chapter is the conclusion.By summarizing and summarizing the relevant conclusions and opinions discussed in this paper,it is proposed that in today's economic development,it is of great significance to improve the construction of the suspension and resumption of stock trading system of listed companies and strengthen the protection of the rights and interests of minority shareholders.