上市公司收购法律制度的商法解读  

Interpretation of Turnover of Listed Corporation From a Perspective of Commercial Law

作　　者：郑彧[1] 

机构地区：[1]华东政法大学国际金融法律学院

出　　处：《环球法律评论》2013年第5期71-83,共13页Global Law Review

基　　金：上海市高校一流学科(法学)建设计划(经济法学科);2012年国家社科基金"私募股权基金治理法律制度研究"(12CFX072)阶段性成果;并得到上海地方本科院校"十二五"内涵建设项目"高水平特色法学学科建设与人才培养工程"的支持

摘　　要：《公司法》第四章"上市公司的收购"确立了我国上市公司收购监管的基本法律制度,中国证监会也通过《上市公司收购管理办法》细化了上市公司收购的监管规则与操作流程。尽管如此,相较于境外成熟证券市场的监管规则,我国上市公司收购监管无论是在定义、法律条文、监管措施还是在监管理念、立法技术和制度设计上都存在着不少差距,甚至从很大程度上存在着收购监管制度不能适应日趋市场化、复杂化的收购行为的问题。为此,本文希望通过制度分析的方法,重新梳理与审视我国现有上市公司收购监管制度存在的法律问题,并根据我国证券市场"新兴+转轨"的特点对上市公司收购监管制度提出更为细致的设计方案,以推动立法者、监管者与学者们在上市公司收购监管方面的进一步研究。The Section 4 of Corporation Law has founded an infrastructure structure of regulation scheme on the acquis Regulation Committee （CSRC） ition practice in Chinese Securities Market. The Chinese Securities also implements the regulation details by an administration rule to direct the acquisition activities. However in comparison with the mature regulation rules in the for- eign securities market, there are so many disadvantages to our existing acquisition regulation rules whatever in the definitions, regulation measures or institution design. Such disadvantages have made a series of obstacles to satisfy the development of acquisition practice in Chinese securities market. So for the purpose of push the further research development on the acquisition regulation, this article is to propose a more reasonable and marketable scheme for the acquisition regulation by the way of institution analysis considering the fact that the character of the Chinese securities mar- ket is a New ＆ Transitional market.

关 键 词：上市公司收购 监管制度 制度设计 证券法 

分 类 号：D922.287[政治法律—经济法学]