股改承诺的法律问题分析-企业管理专业论文.docxVIP

PAGE PAGE 3 Abstract “The split-share structure” is the product of our country during a particular historical period, whose contributions to our country’s security market will never fade out. Even so, there are still some striking disadvantages of this system, which are becoming the roots of all evils in security market. With April 29, 2005 China Securities Regulatory Commission “The notice of Pilot work regarding the reforms of the structure of split share in listed company” as the sign, the reform of “the split-share structure” was formally started. It has been four years since the reform had been launched, the reform of listed companies almost finished and entered into a period called post-reform age. Just during this period, problems which have not been foreseen or been foreseen but were not fully argued at the very beginning of the reform exposed. The concentrating representation was that non-tradable share holders broke their promises which they made in order to pass the plan of the reform at that time. This phenomenon has been widespread and destabilized the security market, further, it was a big challenge to our legal system construction. This paper attempts to make a systematic and comprehensive analysis of the problems related to the split-share structure reform through a integrated HYPERLINK /Application/ application of some theories of Contract Law, Security Law, Company Law and Procedure Law, and to make the theories guide the practice. This paper is divided into five parts mainly: Part one firstly gives a brief introduction to the concept and cause of “The split-share structure”, and then introduces the concept and meaning of “The split-share structure reform”, in order to help the readers to make some knowledge on the background of the split-share structure reform. Part two discusses the character of the plan of split-share structure reform. Firstly, it defines the split-share structure as a contract between civil subjects, and the split-share str