Research On The System Of Criminal Duty Lawyer

In China,in order to prevent financial risks,all public offerings of securities are consistently subject to a non-discriminatory mandatory disclosure system in terms of information disclosure.However,this system,which does not differentiate the size of the issue,has imposed a relatively heavy burden on Small and medium-sized enterprises’ financing,and smaller Small and medium-sized enterprises’ have chosen to avoid financing through public securities offerings based on cost-benefit analysis.However,the high cost of direct financing and the skewed treatment of indirect financing make Small and medium-sized enterprises’ financing channels scarce,and an institutional innovation that enables Small and medium-sized enterprises to reduce issuance costs and improve financing efficiency has become an urgent need in the micro-capital market.The registration exemption system for small securities offerings in developed countries and regions such as the United States has set a precedent for solving this problem,and it is necessary to study the registration exemption system for small securities offerings against the background of the ongoing reform of the registration system for stock offerings in China.Using comparative analysis and legal-economic analysis,the article analyzes and composes the theoretical study of the small-issue exemption system and the realistic demand for the small-issue system at the present stage in China,draws on the legislative and practical experience of the small-issue exemption system in the United States,studies the construction of a small-issue registration exemption system in line with China’s national conditions,and closely integrates the small-issue exemption system with the securities issuance system to achieve The registration system reform of securities issuance and the small issuance registration exemption system are connected.To achieve the maximum protection of investors while reducing the financing cost of Small and medium-sized enterprisess,thus balancing the relationship between promoting capital formation and protecting investors.The article is divided into five chapters,the first chapter mainly reviews the background of the micro-issuance exemption system and the current research status of the micro-issuance exemption system at home and abroad,so as to derive the research ideas and research methods.The second chapter is a basic theoretical exposition of the micro-issuance system,including the origin of the micro-issuance exemption system and the distinction of the concepts related to micro-issuance,and briefly expounds the theoretical basis of the micro-issuance exemption system.Chapter 3 analyzes the necessity of the small issue exemption system and elaborates on the contradiction between the real demand for the small issue exemption system and the lack of legal basis in China at this stage.Chapter 4 examines the origin and development of the small issue exemption system in the United States and summarizes the experience of the legislative exploration of the small issue exemption system in the United States with the JOBS Act as the starting point,so as to provide guidance for the study of the construction of the small issue exemption system in China.Chapter 5 puts forward specific suggestions on the construction of the small issue exemption system in China,including the construction concept as well as the issuing subjects,investors,issuance limits and supporting measures.