Research On The Perfection Of The Rules Governing The Exercise Of Shareholding In Investment Service Center

The protection of the rights and interests of small and medium investors has always been one of the core propositions of company law and capital market supervision.The development of a country’s capital market is closely related to the protection of investors’ rights and interests.Compared with the mature capital market dominated by institutional investors,my country’s securities market is dominated by individual investors.The most obvious feature of the capital market dominated by individual investors is the vulnerability of small and medium shareholders.The deep information asymmetry between listed companies and the use of dominant positions by controlling shareholders to oppress are important factors for their interests to be damaged,while the right to speak Weakness,low professionalism,lack of access to rights protection and cost are hindering the way for small and medium investors to protect their rights.Therefore,as an innovative practice to strengthen the protection of small and medium investors,the China Securities Regulatory Commission established a securities and financial public welfare institution,namely China Securities Small and Medium Investor Service Center Co.,Ltd.(hereinafter referred to as "Investment Service Center"),to exercise rights for small and medium investors,rights protection and other services,creating a new model for the protection of small and medium investors in my country.In addition to the introduction and conclusion,the text consists of the following four chapters.The first part is mainly an overview of the investment service center and the exercise rules of shareholding,expounding the connotation and characteristics of the rules of shareholding exercise,focusing on summarizing the typical performance of the investment service center at this stage,and citing cases to highlight the holding The important position of the stock exercise rules in the protection of investors’ rights and interests and the improvement of corporate governance provides support for the practical functions of the shareholding exercise rules proposed below;the second part extracts the investment service center’s shareholding exercise from the status quo of investor protection.The efficacy and value of the investment service center,as an institutional investor,as an institutional investor,by actively exercising shareholder rights,the positive externalities of the relief of the legitimate rights and interests of small and medium shareholders are discussed from three dimensions;Sort out the case details of typical exercise rights demonstration cases,and examine from the aspects of basis,reason and impact,and extract the non-uniform voting rights collection rules,vague selection criteria for exercise objects,and shareholding exercise rights in the emerging stage.Lack of effective supervision and other difficulties and analyze the causes of obstacles;the fourth part is based on the first three parts,combined with the current situation of China’s capital market,puts forward that the investment service center should take the initiative to exercise its right,to maintain the suggestion of small and medium-sized investors with Operability and the guarantee mechanism to encourage the equity behavior of investment service center.