| Asset restructuring has made a great contribution to the quick development of listed corporate. Facing international challenge from entry into the World Trade Organization, Chinese enterprises must form large-scale listed corporations or enterprises group centered by listed corporate as its main bodies, fully take advantage of the important function of asset restructuring. It is meaningful to research to the asset restructuring of listed corporate. After reviewing the developing course of asset reconstruction in listed companies, the paper elaborates its form and features, analyses empirically its effectiveness, and stresses the effect on industrial investments, which boosts adjustment of Chinese industrial structure and optimization. Also, the article has drawn out the illegal action existed in the listed companies and analyses the motivation, suggestion to standardize its action is presented. All the conclusion and suggestions have certain value for applying in practice. |