论上市公司股权质权的实现  

The Realization of Listed Companies' Pledge of Shares

作　　者：李莉[1] 

机构地区：[1]对外经济贸易大学法学院,北京100011

出　　处：《证券市场导报》2014年第6期74-78,共5页Securities Market Herald

基　　金：教育部人文社会科学研究2013年一般项目<动产担保公示及其优先顺位规则研究>(13YJA820054)的阶段性研究成果

摘　　要：券商股权质押式回购本质是对上市公司股权质权人自力实现质权方式和程序的改造,现行法中存在着不利于股权质权最终实现的问题。但实践中依然坚持以加强股权质权实现为股权融资担保的突破口,主要基于其具有的自身优势,且实现股权质权时的外部性问题可以得到控制和解决。但券商股权质押式回购仍有问题。完善的做法是:设计出精准专业的质权合同;法律应规定股权质权效力及依持股比例而获得的剩余财产;现行法应明确质权人有权申请强制拍卖和强行平仓的自力救济性质。Block Repo of Shares of securities companies realizes the right primarily depending on self-remedy is a reconstruction of the mode and procedure in which there are hindrance in Chinese Property law. The reason for enhancing the realization of pledge of shares is its advantage; meanwhile, the external issues may be solved and controlled effectively. However, Block Repo of Shares of securities companies remains questionable. The methods to improve are as follows： Exact and professional pledge contract is necessary; Legislatively, it should be admitted that the scope of the validity of pledge of shares contains the remained property based on shareholdings proportionate; Legally interpretatively, it should be confirmed that the pledge has the right to apply for compulsory auction and compulsory liquidation is self remedy of pledge of realization of pledge of shares.

关 键 词：股权质押式回购 股权质权 上市公司 

分 类 号：D923.2[政治法律—民商法学]