中国大陆资本市场中“持股行权”的法律制度需求与构建

发布时间：2018-02-25 05:04

本文关键词： 持股行权法律制度需求中小投资者保护　出处：《上海交通大学》2015年硕士论文　论文类型：学位论文

【摘要】：“持股行权”是为保护活跃在资本市场中的中小股东的权利而专门设计的一项维权举措,在世界其他国家以及我国台湾地区都已经有类似机构在专门开展此项工作,但在中国大陆,它刚刚被引入,且作为一项全新的工作模式,目前证券监管部门发起,刚刚成立了专门机构负责对其进行研究和具体实施。“持股行权”是中国大陆资本市场中的新生事物,现阶段在大陆与持股行权相关的法律制度有诸多空白,学术界也非常缺乏专门系统研究持股行权的相关文献作为此项举措在大陆资本市场具体实施的参考。因此本文以“持股行权”为研究对象,认为“持股行权”要想在大陆资本市场上生根发芽,更好的为中小投资者服务,构建相应的法律制度框架非常必要。经过比较分析与逻辑分析,本文认为现阶段“持股行权”对法律制度的需求主要分两点:一是就“持股行权”工作开展本身而言,需要出台专门的实施制度细则对其具体实施进行规范和指引,目前相关负责部门也正在研究;二是新事物对大陆已有的相关上位法律也提出了新要求,如《公司法》、《证券法》、《民事诉讼法》等可以作出相应的完善和修改。所以根据上述逻辑分析,本文共分三章进行论述,其主要内容如下:考虑到“持股行权”在大陆是一个全新的举措,所以本文有必要在第一章以法学作为切入点,采用逻辑分析、历史分析、比较分析等方法重点对“持股行权”的内涵以及特点进行分析,同时也对现阶段为什么选择在中国大陆资本市场开展“持股行权”工作的原因进行理论分析和实践探讨,为后文的分析做好铺垫。本文第二章和第三章即开始对现阶段“持股行权”相关法律制度的需求和构建进行探讨。其中第二章从“持股行权”本身出发,重点从持有股票、行使权力、相关合作及风险机制等方面对构建“持股行权”专门的实施制度提出系统化建议。第三章则从现阶段“持股行权”相关的上位法出发,重点对“持股行权”将面临的制度障碍如“持股限制”、“主要负责机构缺乏公益诉讼主体地位”等问题进行分析,并提出相应的解决措施。总之,“持股行权”工作要想在大陆资本市场的顺利开展,必须构建相应的法律制度来对其进行规范和指引,即新的举措只有在有了相应的法律保障后,才能更好、更全面的保护中小投资者的权利,进而维护资本市场的长期稳定发展。
[Abstract]:The "exercise of the right to hold shares" is a special initiative designed to protect the rights of minority shareholders active in the capital market. Similar institutions are already engaged in this work in other countries of the world and in the Taiwan region of China. But in mainland China, it has just been introduced, and as a completely new work model, the securities regulatory authorities have initiated, A special agency has just been set up to study and implement it. "the exercise of shareholding rights" is a new thing in the capital market of mainland China. At this stage, there are many gaps in the legal system related to the exercise of shareholding rights in the mainland. There is also a lack of relevant literature on the specific and systematic study of the exercise of shareholding rights in academic circles as a reference for the concrete implementation of this measure in the mainland capital market. Therefore, this paper takes "the exercise of shareholding rights" as the research object. In order to take root in the mainland capital market and better serve the small and medium-sized investors, it is necessary to construct the corresponding legal system framework. This paper holds that the demand of the legal system for the "exercise of shareholding" is mainly divided into two points: first, in terms of carrying out the work of "the exercise of shareholding" itself, it is necessary to issue specific rules of the implementation system to regulate and guide its concrete implementation. At present, the relevant responsible departments are also studying; second, new things have also put forward new requirements for the relevant upper level laws already in place on the mainland. Such as "Company Law", "Securities Law", "Civil procedure Law" and so on can make the corresponding consummation and the revision. Therefore, according to the above logic analysis, this article altogether divides into three chapters to carry on the discussion, The main contents are as follows: considering that "exercise right of shareholding" is a new move in the mainland, it is necessary for this paper to take the law as the starting point in the first chapter, using logical analysis and historical analysis. Comparative analysis and other methods focus on the analysis of the connotation and characteristics of "shareholding exercise". At the same time, it also makes theoretical analysis and practical discussion on the reasons why we choose to carry out "shareholding exercise" work in mainland China's capital market at this stage. The second and third chapters of this paper begin to probe into the demand and construction of the relevant legal system of "the exercise of shareholding" in the present stage. The second chapter starts from the "exercise of stock" itself, and focuses on holding stocks. In the aspects of exercise of power, relevant cooperation and risk mechanism, the author puts forward systematic suggestions on the construction of a special implementation system of "exercise of shareholding". Chapter three proceeds from the epistatic law of "exercise of shareholding" at the present stage. This paper focuses on the analysis of the system obstacles such as "shareholding restriction" and "the lack of public interest litigation subject status of the main responsible institution" which will be faced with in "the exercise of shareholding rights". In short, in order to carry out the work smoothly in the mainland capital market, we must construct the corresponding legal system to standardize and guide it, that is, the new measures only have the corresponding legal protection. In order to better, more comprehensive protection of the rights of small and medium investors, and then maintain the long-term and stable development of the capital market.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：D922.287;D922.291.91

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