借鉴国外经验发展中国优先股制度的现实意义法律专业论文.docxVIP

A B A B S T R A C T P re feren ee S h are 15 a sP e c ial tyP e o f sto ck issu e d b y sto ek e o m P an y . U su a lly，it e 团汀ie s a d iv id e n d an d h as P rio rity o v er e o mm o n sto ek in the P ay m e n t o f d iv id e n d s an d 叩 o n liq ul d atio n o f th e c o m P an y . P re fere n e e sh are 15 safe r th an e o m P an y ’5 e o nun o n sto ck an d m o re Pr o fitab le than c o m P an y ，5 e o rnrn o n sec诚 ty. P referen e e sh are 15 irre P lac e ab le ，as th e m ark e t n e e d s it in larg e . T h e P re fer en e e sh are 15 v e ry e o mm o n in w e ste rn c o un trie s an d th e law an d re gu latio n s o n P re feren e e sh are are also e le ar an d e XP lic it. H o we v er， the c o n c e P t o f P re fere n e e sh are h as n o t b e e n a e e eP te d an d ad o P te d in C hin 凡 e sP e e iall又 C hin a C o m P an y L a w d o e sn ’t g iv e P re fere n e e sh are a le g al Sta tLls . C 叮 ently ，the tyP e o f P referen ce sh are ex ists in alm o st ev ery im P o rt田皿 S to ck E x e h an g e o v e rse a，an d it also e an b e trad e d o u tsid e o f S to ck E x c h an g e . A 且e r th e e e o n o m ic e risis in 2 0 0 8 ，P re feren e e sh are b e e am e th e m o st im P o rta n t w ay fo r A n 飞e rie an e o m P 耐 e s to raise fu n d an d th e g o v e ~ e nt to sav e the d ie in g e o rp o rat io n s. H o w e v e r，in C hin a ，5 se e uri ty m a rk e t，th e sto ek e o m P a n ie s are o 川 y allo w e d to issu e o n e tyP e o f sto ek 一 eo nun o n sto ek . P referen e e sh are 15 n e ee ssary，sin ee it，5 g o o d for th e h e alth an d stab ility o f C hin a ，5 sto ek m ark et. It w ill g iv e m o re eh o ie e s fo r the in v e sto rs a n d h e lP to r e la x th e f in a n e ia l P r o b le m o f th e e o m P a n y w h ie h w a n ts to r a ise e a p ita ls . It