中外上市公司股份回购比较研究

The Comparative Research on the Share Repurchase of Chinese and Foreign Listed Companies

自从20世纪70年代股份回购在美国产生以来,其作为一种资本运作方式在西方资本市场便发挥了巨大的作用。然而,股份回购在我国尚属新生事物,因此学习并借鉴国外股份回购方面的经验,将对我国的企业及资本市场的规范和完善大有裨益。本文将对中外各国股份回购从法律、形式以及目的等方面进行对比分析,最后得出我国在股份回购方面的一些建议,希冀能够引起各方面的关注,并不断推动股份回购在中国的发展和完善。

Since share repurchase came into being in the 1970s,it had performed great function in western capital market.While,it is still a rebirth thing in China,so learning from the foreign experience and using for reference will do good to our company and market.This paper compares the law of many countries,motives and modes with foreign countries in share repurchase,obtains some problems and proposals in the end,and hopes to arose attention,as well as prompt it developing and perfect.