创业板上市公司退市法律制度研究-民商法学专业论文.docxVIP

china’s GEM delisting system is an urgent need to improve. ‘Securities Law’,‘GEM Stock Listing Rules’ made a series of provisions about the delisting system, completed the initial establishment of the GEM delisting system. At the end of 2011, the SFC issued a ‘GEM delisting system’ for comments. GEM delisting system has become a regulatory focus and hot spot, in this situation, the author combined with China’s actual situation, learn from the experience of the extraterritorial mature securities market, and proposed measures to improve the GEM delisting system. In addition to the foreword and afterword, the full text of the main body is divided into three parts: The first part is the overview of GEM delisting system, describing the concept, function of delisting, and the difference between the main board delisting, small board delisting. The analysis of concept helps to clarify the research object. The research of delisting function helps to explain the necessary value of delisting. Then the author describes the difference between the GEM delisting and main board delisting. The second part describes the establishment of GEM delisting system in China. Because GEM delisting system and main board delisting system associated with a high degree, to analyze the establishment of GEM delisting system, we must examine the system prototype- main board delisting system. The author briefly reviews and evaluates the main board delisting system, then analyses the development of GEM delisting and shows the status of the delisting system. The third part the author analyses the status of the delisting system, learns from the design of extraterritorial mature GEM delisting system, and proposed improvement measures. First, we must accelerate the marketization of company listing. Listing and delisting interrelated. Market-oriented listing system leads to healthy delisting system. Second, we must establish pluralistic and market-oriented delisting standard, which determines the liste