【摘要】：近年來(lái),金融創(chuàng)新迅猛發(fā)展,新型融資方式不斷涌現(xiàn)。上市公司股權(quán)質(zhì)押融資業(yè)務(wù)已成為一種重要的新型融資方式。自2013年5月上海證券交易所和深圳證券交易所分別頒布《股票質(zhì)押式回購(gòu)交易及登記結(jié)算業(yè)務(wù)辦法(試行)》后,從事上市公司股權(quán)質(zhì)押融資業(yè)務(wù)的資金融出方由商業(yè)銀行、信托公司進(jìn)一步擴(kuò)展到證券公司。監(jiān)管部門關(guān)于這種新型融資產(chǎn)品的制度性安排,對(duì)現(xiàn)行法律法規(guī)存在較多擴(kuò)展,甚至突破,有力地指導(dǎo)了業(yè)務(wù)實(shí)踐。但同時(shí),由于法律法規(guī)之間尚未有機(jī)銜接、行業(yè)經(jīng)驗(yàn)不足等原因,該項(xiàng)融資產(chǎn)品在股權(quán)質(zhì)權(quán)實(shí)現(xiàn)上,還存在一定的風(fēng)險(xiǎn)。有鑒于此,本文擬就影響上市公司股權(quán)質(zhì)權(quán)實(shí)現(xiàn)的因素及其解決方案進(jìn)行研究。本文除引言和結(jié)論之外,正文部分共分為四章,主要內(nèi)容如下:第一章介紹上市公司股權(quán)質(zhì)押的理論及發(fā)展現(xiàn)狀,主要對(duì)現(xiàn)有法律、法規(guī)、規(guī)范性文件中關(guān)于上市公司股權(quán)質(zhì)押的規(guī)定及其理論進(jìn)行分析,并對(duì)上市公司股權(quán)質(zhì)押市場(chǎng)中的重要概念,如股票質(zhì)押貸款、股票質(zhì)押式回購(gòu)、約定購(gòu)回式證券交易進(jìn)行剖析。第二章研究上市公司股權(quán)質(zhì)押融資業(yè)務(wù)中常見(jiàn)的融出主體,分析了商業(yè)銀行、信托公司、證券公司在設(shè)立質(zhì)權(quán)時(shí)的流程和特點(diǎn),探討實(shí)現(xiàn)質(zhì)權(quán)時(shí)所面臨的風(fēng)險(xiǎn),并嘗試對(duì)風(fēng)險(xiǎn)防范提出相應(yīng)的解決方案。第三章研究上市公司股權(quán)質(zhì)押融資業(yè)務(wù)的不同質(zhì)押標(biāo)的,闡述了以非限售股、限售股、國(guó)有股、外商投資的上市公司股權(quán)等標(biāo)的設(shè)立質(zhì)權(quán)所面臨的法律問(wèn)題,分析不同質(zhì)押標(biāo)的在實(shí)現(xiàn)股權(quán)質(zhì)權(quán)存在的風(fēng)險(xiǎn),并提出相應(yīng)的解決策略。第四章研究上市公司股權(quán)質(zhì)押質(zhì)權(quán)實(shí)現(xiàn)的其他因素,討論了質(zhì)押標(biāo)的價(jià)值變動(dòng)對(duì)質(zhì)權(quán)人的影響及其解決策略,出質(zhì)人的“道德風(fēng)險(xiǎn)”對(duì)質(zhì)權(quán)人的影響及其防范“道德風(fēng)險(xiǎn)”,以及現(xiàn)行法律中流質(zhì)契約價(jià)值定位對(duì)質(zhì)權(quán)人利益的影響。
[Abstract]:In recent years, with the rapid development of financial innovation, new financing methods are emerging. Equity pledge financing of listed companies has become an important new financing method. Since May 2013, when the Shanghai Stock Exchange and the Shenzhen Stock Exchange respectively promulgated the measures on Stock Pledge Repurchase Trading and Registration and settlement Business (for trial implementation), the financing parties engaged in the equity pledge financing business of listed companies have been financed by commercial banks. Trust companies are further extended to securities firms. The institutional arrangement of this new financing product has expanded and even broken through the existing laws and regulations, which has guided the business practice. But at the same time, because the laws and regulations have not been connected organically, and the industry experience is not enough, there are still some risks in the realization of the equity pledge of the financing product. In view of this, this paper intends to study the factors affecting the realization of equity pledge of listed companies and their solutions. In addition to the introduction and conclusions, the text is divided into four chapters. The main contents are as follows: chapter one introduces the theory and development of stock pledge of listed companies, mainly on the existing laws and regulations, This paper analyzes the regulations and theories of equity pledge of listed companies in the normative documents, and analyzes the important concepts in the stock pledge market of listed companies, such as stock pledge loan, stock pledge repurchase, and agreed buyback securities transaction. The second chapter studies the common financing subjects in the stock pledge financing of listed companies, analyzes the process and characteristics of the establishment of pledge by commercial banks, trust companies and securities companies, and probes into the risks to realize the pledge. And tries to put forward the corresponding solution to the risk prevention. The third chapter studies the different pledge targets of the financing business of equity pledge of listed companies, and expounds the legal problems of establishing the pledge rights by the non-restricted shares, the state-owned shares, the shares of the foreign invested listed companies, and so on. This paper analyzes the risks of different pledge objects in realizing equity pledge, and puts forward corresponding solutions. The fourth chapter studies the other factors of the realization of the pledge right of the listed company, discusses the influence of the value change of the pledge on the mortgagee and its solution strategy, the influence of the "moral hazard" of the mortgagor on the mortgagee and the prevention of the "moral hazard". And the influence of the value orientation of liquid contract on the interests of the mortgagee in the current law.
【學(xué)位授予單位】：中國(guó)政法大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：D923.2

【相似文獻(xiàn)】

相關(guān)期刊論文 前10條

1 何世俊;;淺議股權(quán)質(zhì)權(quán)之生效及效力[J];消費(fèi)導(dǎo)刊;2009年08期

2 李麗春;;淺析股權(quán)質(zhì)權(quán)的設(shè)立[J];湖北經(jīng)濟(jì)學(xué)院學(xué)報(bào)(人文社會(huì)科學(xué)版);2009年06期

3 李磊;;有限責(zé)任公司股權(quán)質(zhì)權(quán)實(shí)現(xiàn)時(shí)特定問(wèn)題研究[J];法制與社會(huì);2009年33期

4 嚴(yán)翊;;論涉外股權(quán)質(zhì)權(quán)的實(shí)現(xiàn)[J];法制與社會(huì);2010年23期

5 綦蕾;;股權(quán)質(zhì)權(quán)問(wèn)題初探[J];法制與社會(huì);2011年01期

6 李瀚洋;;股權(quán)質(zhì)權(quán)的實(shí)現(xiàn)條件及方式[J];改革與開(kāi)放;2012年10期

7 李莉;;論上市公司股權(quán)質(zhì)權(quán)的實(shí)現(xiàn)[J];證券市場(chǎng)導(dǎo)報(bào);2014年06期

8 姚西翠,侯任遠(yuǎn),姜廣俊;股權(quán)設(shè)質(zhì)若干問(wèn)題研究[J];山東審判;2002年02期

9 武興偉;;論股份有限公司股權(quán)質(zhì)權(quán)的設(shè)定——兼評(píng)《物權(quán)法》第226條的相關(guān)規(guī)定[J];理論界;2007年11期

10 常磊,高明俠;試析出口退稅權(quán)益質(zhì)押貸款的法律分險(xiǎn)[J];新金融;2002年03期

相關(guān)會(huì)議論文 前2條

1 胡鴻高;胡冰;;論股權(quán)質(zhì)押制度——以有限公司股權(quán)質(zhì)權(quán)為中心[A];2008年度上海市社會(huì)科學(xué)界第六屆學(xué)術(shù)年會(huì)文集（政治·法律·社會(huì)學(xué)科卷）[C];2008年

2 吳青;李小平;;個(gè)人股票質(zhì)押應(yīng)注意的幾個(gè)法律問(wèn)題[A];中國(guó)民商法實(shí)務(wù)論壇論文集[C];2001年

相關(guān)重要報(bào)紙文章 前3條

1 劉浪;重整企業(yè)已出質(zhì)股權(quán)如何調(diào)整[N];江蘇經(jīng)濟(jì)報(bào);2009年

2 廖文勇;股權(quán)質(zhì)押擔(dān)保：選績(jī)優(yōu) 挖潛力[N];中國(guó)城鄉(xiāng)金融報(bào);2005年

3 記者 彭松 聞濤;各方看好券商股票質(zhì)押貸款前景[N];證券時(shí)報(bào);2004年

相關(guān)碩士學(xué)位論文 前10條

1 高紅妮;論影響上市公司股權(quán)質(zhì)權(quán)實(shí)現(xiàn)的因素[D];中國(guó)政法大學(xué);2017年

2 梁紅霞;有限責(zé)任公司股權(quán)質(zhì)權(quán)法律問(wèn)題研究[D];中國(guó)政法大學(xué);2007年

3 劉少陽(yáng);論我國(guó)股權(quán)質(zhì)權(quán)的效力[D];中國(guó)政法大學(xué);2010年

4 劉長(zhǎng)軍;我國(guó)股權(quán)質(zhì)權(quán)制度研究[D];西南政法大學(xué);2010年

5 沈陽(yáng);股權(quán)質(zhì)權(quán)研究[D];河北大學(xué);2013年

6 赫耀文;股權(quán)質(zhì)押若干問(wèn)題研究[D];內(nèi)蒙古大學(xué);2007年

7 諶天;知識(shí)產(chǎn)權(quán)質(zhì)押融資法律問(wèn)題研究[D];四川師范大學(xué);2015年

8 韓莉娜;銀行理財(cái)產(chǎn)品質(zhì)押制度研究[D];南京大學(xué);2013年

9 陳茜;賬戶質(zhì)押法律問(wèn)題研究[D];華東政法大學(xué);2016年

10 宋雨農(nóng);論我國(guó)商標(biāo)權(quán)質(zhì)押法律制度的完善[D];福州大學(xué);2014年

，

本文編號(hào)：2263036