本文關(guān)鍵詞： 上市公司 退市機(jī)制 證券市場(chǎng)　出處：《遼寧大學(xué)》2016年碩士論文　論文類型：學(xué)位論文

【摘要】：證券市場(chǎng)是為解決資本供求矛盾及其流動(dòng)性而產(chǎn)生的市場(chǎng),他在資源配置、經(jīng)濟(jì)進(jìn)步以及提高國(guó)民收入等方面都具有重要的意義。作為證券市場(chǎng)的重要組成部分,上市公司的運(yùn)行質(zhì)量對(duì)證券市場(chǎng)的健康發(fā)展具有至關(guān)重要的作用。退市機(jī)制又是證券市場(chǎng)制度建設(shè)的重要組成部分,他是提高公司質(zhì)量、促進(jìn)市場(chǎng)繁榮的有利保障。建立退市機(jī)制是為了凈化證券市場(chǎng)的環(huán)境,但中國(guó)證券市場(chǎng)中依然存在著大批的劣質(zhì)公司,使得退市制度猶如虛設(shè)。2012年6月28日,交易所發(fā)布了主板上市公司退市制度新方案,開始逐步與國(guó)際慣例接軌。完善上市公司退市制度是中國(guó)證券市場(chǎng)走向成熟的重要一步,健全的退市制度將敦促上市公司改善其經(jīng)營(yíng)管理,來(lái)提高上市公司的總體質(zhì)量,并且有助于改變市場(chǎng)價(jià)格扭曲的情形,使一些績(jī)優(yōu)股、成長(zhǎng)股的價(jià)值得到體現(xiàn)。從長(zhǎng)遠(yuǎn)看,退市制度的完善,能夠促使證券市場(chǎng)的體系更加完整,實(shí)現(xiàn)市場(chǎng)資源優(yōu)化配置的功能,從而進(jìn)一步優(yōu)化上市公司的整體結(jié)構(gòu)。隨著中國(guó)資本市場(chǎng)的健康發(fā)展和退市制度的完善,證券市場(chǎng)將會(huì)日趨規(guī)范,投資者的利益保護(hù)也會(huì)更加完善,證監(jiān)會(huì)也能夠充分發(fā)揮其應(yīng)有的職能。本文共分為五個(gè)主要內(nèi)容。第一節(jié)緒論,介紹背景、意義以及現(xiàn)狀等；第一章節(jié)主要介紹退市的一些制度,包括上市公司退市的含義及特征。介紹中國(guó)現(xiàn)行的上市公司退市制度內(nèi)容,并且根據(jù)上市公司退市理論講述完善上市公司退市制度的重要意義。第二章是中國(guó)上市公司退市制度運(yùn)行的現(xiàn)狀,中國(guó)上市公司退市面臨的一些問(wèn)題以及對(duì)造成這些問(wèn)題的原因分析。第三章是成熟市場(chǎng)退市制度的內(nèi)容及其對(duì)中國(guó)的啟示,主要介紹成熟市場(chǎng)現(xiàn)行的退市制度,以及需要我們借鑒的地方。第四章是根據(jù)文中提出的問(wèn)題及原因,為完善上市公司退市制度提出相應(yīng)的對(duì)策建議。第五章是對(duì)本文的一個(gè)總結(jié)。
[Abstract]:The securities market is to solve the contradiction between the supply and demand of capital and the liquidity of the market, it is in the allocation of resources. As an important part of the securities market, economic progress and raising national income are of great significance. The running quality of listed companies plays an important role in the healthy development of the securities market. The delisting mechanism is also an important part of the construction of the securities market system, which is to improve the quality of the company. The purpose of the delisting mechanism is to purify the environment of the securities market, but there are still a large number of inferior companies in the Chinese securities market. In June 28th 2012, the exchange issued a new scheme of delisting system for listed companies on the main board. To perfect the delisting system of listed companies is an important step towards maturity of China's securities market. A sound delisting system will urge listed companies to improve their management. To improve the overall quality of listed companies, and help to change the market price distortion situation, so that some of the value of high performance stocks, growth stocks. From a long-term perspective, the delisting system is perfect. It can make the system of securities market more complete, realize the function of optimizing the allocation of market resources, and further optimize the overall structure of listed companies. With the healthy development of Chinese capital market and the improvement of delisting system. The securities market will become more standardized, the protection of investors' interests will be more perfect, and the CSRC will be able to give full play to its due functions. This paper is divided into five main contents. The first section is introduction, introducing the background. Meaning and status quo; The first chapter mainly introduces some systems of delisting, including the meaning and characteristics of delisting of listed companies, and introduces the contents of the current delisting system of listed companies in China. And according to the theory of delisting of listed companies to describe the importance of improving the system of delisting of listed companies. Chapter two is the current situation of the operation of delisting system of listed companies in China. The third chapter is the content of the mature market delisting system and its inspiration to China, mainly introduces the current delisting system of the mature market. Chapter 4th is based on the problems and reasons put forward in this paper, to improve the system of delisting of listed companies corresponding countermeasures. 5th is a summary of this article.
【學(xué)位授予單位】：遼寧大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2016
【分類號(hào)】：F832.51

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本文編號(hào)：1493966