上市公司主动退市制度研究民商法学专业论文.docxVIP

PAGE PAGE 2 西南政法大学硕士学位论文 上市公司主动退市制度研究 The third part describes the system of proactive delisting in China, Hong Kong, Taiwan and the United States ,including the path,the procedure.Particularly, introduces the protection of minority shareholders by judicial review in America. The fourth part introduces the problems in the cases of Sinopec, Petro-China, Aluminum and the status and defects of the system of withdrawal of listing in China. Sinopec, PetroChina, Aluminum privatization directly promote the development of Chinas proactive delisting system, but the rules are fragmented and the legal hierarchy is not high, and have not formed a complete system. The system can not be effective protection of minority shareholders. The fifth part is about some suggestion about the procedure of withdrawal of listing,the establishment of the system and rules of protecting the minority shareholder. Key words:withdrawal of listing;motion;fairness and efficiency;protection of minority shareholders 1 1 上市公司主动退市制度研究 目 录 引 言????????????????????????????????????? 1 一、上市公司主动退市基本理论??????????????????????????1 （一）上市公司主动退市的概念和特征?????????????????? ??1 （二）上市公司主动退市的动因????????? ??????????????3 二、上市公司主动退市制度的法律价值分析?????????????????????5 （一）效率原则???????????????????????????????5 （二）公平原则???????????????????????????????6 三、上市公司主动退市制度的域外分析???????????????????????7 （一）香港（地区）上市公司主动退市制度???????????????????7 （二）台湾（地区）上市公司主动退市制度???????????????????11 （三）美国上市公司主动退市制度???????????????????????12 四、我国上市公司主动退市实践及制度缺陷?????????????????????17 （一）我国上市公司主动退市实践???????????????????????17 （二）我国上市公司主动退市制度现状?????????????????????19 （三）我国上市公司主动退市制度缺陷?????????????????????23 五、我国上市公司主动退市制度立法建议??????????????????????23 （一）我国上市公司主动退市体系???????????????????????25 （二）我国上市公司主动退市程序???????????????????????26 （三）余股强制收购制度???????????????????????????27 （四）上市公司主动退市中的中小股东保护???????????????????28 参考文献????????????????????????????????????30 上市公司主动退市制度研究 引言 在欧美等发展较早比较成熟的资本市场，上市公司主动退市早已是司空见惯的事 情。我国资本市场起步晚，公司上市往往需耗费大量人力、物力、财力，上市公司资格 属于稀缺资源，上市公司主动退市的情形