上市公司进行股份回购之利弊分析

Analysis on Advantages and Disadvantage of Share's Purchase back Done by Lifted Company

股份回购是西方国家上市公司经常运用的一种资本运营手段,但在我国受现行立法的制约而未能得到广泛应用。在《上市公司收购管理办法》出台后,作为其配套法规的《上市公司股份回购管理办法》也正在证监会的酝酿之中。本文在此背景下讨论我国上市公司进行股份回购的利弊,并认为只要制度建设得当,股份回购是利大于弊。

The purchase back of shares is a common measure for capital's conduct taken by lifted company in western countries, but in China it isn't used widely due to present legislation. After Management Methods For Purchase of Lifted Company came into being, Management Method For Shares' Purchase Back Of Lifted Company is being considered by Committee of Superintendences of Dealing in Securities as its conveyance regulation. This article discusses about the advantages and disadvantages of shares' purchase back done by lifted company under the background and thinks as long as the related system can be constructed well, advantages are more than disadvantages to the purchase back of shares.