中国公司境外上市的监管法律制度研究

发布时间：2018-07-25 12:56

【摘要】：中国证券市场20年的发展史,也是中国改革开放的缩影。回首过去的20年(1990--2012),中国证券市场已取得了巨大的成就。证券市场被称为国民经济的晴雨表,该市场是否健康发展也直接影响着中国经济的可持续发展。作为中国证券市场国际化的方向标之一,中国公司的境外上市确实带来了证券市场国际化的大繁荣。虽然近几年出现不少境外上市公司退市、停牌的现象,但对自身的资金积累仍满足不了“中国速度”的中国来说,境外筹资依然是重要的国家政策之一,中国证券市场的广度和深度还需要我国公司通过境外上市进一步拓展。市场发展需要监管,证券市场由于其自身的高风险性以及近年来境外上市公司虚假陈述等问题的出现,监管更是重头戏。尽管我国关于这方面的监管制度取得不小进步,但实践中依然暴露出不少问题：混乱的法律体系,不合时宜的法律规定,事后监管的缺失,晚起步的国际监管合作都在一定程度上影响和制约了我国证券市场的发展以及我国公司境外上市繁荣发展的步伐。本文的目的是通过对我国公司境外上市监管方面的研究,在完善理论研究的基础上加强对境外上市公司的有效监管,以期能为今年对境外上市规定的全面修改提供帮助。
[Abstract]:The 20-year history of China's securities market is also a microcosm of China's reform and opening up. Looking back on the past 20 years (1990-2012), China's securities market has made great achievements. The securities market is called the barometer of the national economy. Whether the market develops healthily also directly affects the sustainable development of Chinese economy. As one of the directions of the internationalization of China's securities market, the overseas listing of Chinese companies has indeed brought about the prosperity of the internationalization of the securities market. Although many overseas listed companies have been delisted and their trading suspended in recent years, for China, where its own accumulation of funds is still unable to meet the "speed of China", overseas financing is still one of the important national policies. The breadth and depth of China's securities market need to be further expanded through overseas listing. The development of the market needs supervision, and the supervision of the securities market is more important because of its high risk and the appearance of the misrepresentation of overseas listed companies in recent years. Although China's regulatory system in this area has made considerable progress, but in practice, there are still many problems: a chaotic legal system, outdated legal provisions, lack of supervision after the event, The late start of international regulatory cooperation has influenced and restricted the development of China's securities market to a certain extent and the prosperity of overseas listing of Chinese companies. The purpose of this paper is to strengthen the effective supervision of the overseas listed companies on the basis of perfecting the theoretical research through the research on the supervision of overseas listing of Chinese companies in order to provide help for the comprehensive revision of the overseas listing regulations this year.
【学位授予单位】：南昌大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.28;F832.51

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