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e development of stock repurchase in China and the legislative status quo.Defect is proposed in this paper, the existing legislation perfection of a series of targeted countermeasures, to make our country securities market operation more specification.

From the perspective of the history of national stock repurchase legislation, legislation in most countries generally experienced from law has no clear stipulation to the exception allowed, legal norms by the general provisions of the case or simple also to the detailed provisions.In our country, stock repurchase is a new development, so relevant legislation regulation is not perfect enough, according to current situation of the legislation of stock repurchase in China, the problem existing in our country need to intensify efforts to perfect legislation of stock repurchase.

In our country, stock repurchase is under the background of reform of non-tradable shares, the large proportion in order to solve the state-owned shares and the insider control problem of the unreasonable equity structure such as introduced in the 1990 s.In May 2005, the securities and futures commission to the society through public solicitation about stock repurchase, trying to solve the non-tradable shares into a dilemma.On June 16, 2005, the securities and futures commission has issued a 'buy back the social public shares by listed companies management method (trial)', provide the share repurchase of listed companies with the corresponding code of conduct.The company law are revised, for the smooth implementation of the stock repurchase provides a good legal environment.

Stock buyback as a adjust corporate equity structure and capital structure mode of capital operation, listed companies is of special significance to our country.Perfect stock repurchase to regulate, to China's listed companies and stock market unique to provide legal protection.At the same time, in the process of share repurchase of listed companies there are all kinds of problems, such as stock repurchase of listed companies reduce the company's registered capital, corporations and produces the related party transactions between the controlling shareholder, minority shareholders interests will be affected by damage, etc.The existence of these problems, makes perfect stock repurchase to regulate necessary, in order to solve the problems in reality.

In the process of economic development in our country, the planned economy is dominant and almost is in the form of state-owned enterprises, there is less this subject form joint-stock company, so also no stock repurchase this phenomenon.But with the implementation of the system of China's reform and opening up, China's economic development level and the pattern of economic development continuously improved.In order to adapt to the trend of the development of the economy, our country enterprise shareholding system reform, accompanied with the securities market is also growing.In the movement process of the securities market of new things, the regulation of our country has also made the related laws, especially for the problem of stock repurchase.

Share repurchase of listed companies in China began in 1992, the earliest is the yu garden through repo small events, yuyuan garden all stock issuing B shares after lujiazui repo state-owned shares in 1994本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。