The Research Of The Listed Company Illegal Activities In China

The illegal activities of listed company obstruct the development of the stock market. The activities of listed company need to be regulated. This thesis analyzes the present condition, the law norm and the reason of the three illegal actions: the unnorm information disclosure, taking up funds by connected transations and illegal guarantee ,through making use of the unstandard audit reports of listed company in 2003 and combining to the concrete listed company, then put forward corresponding measures to resolve them.These are four chapters in this thesis. The chapter 1 is a summing-up of study in unstandard audit reports, as well as in illegal activities of listed company. And these two parts are the focus of the stock market and social publics in our country. The un-standard audits reports reflected the illegal activities of listed company more classical, therefore, making use of it to study the illegal activities of the listed company has it's the realistic meaning.The chapter 2 is carried on the analysis to the unstandard audit reports of listed company in 2003 through the data, characteristics and the mainly involved items etc. The analyze shows that the quantity and rate of unstandard audit reports in 2003 descend significantly comparing to the past, the quantity of listed company has been improved and the credibility of the finance reports have been risen. The unstandard audit reports basically reflect the quantity of the listed company in 2003, but the mainly involved items reflect that there are more serious illegal activities in the listed company, and then alarm the risk of the listed company to us.The chapter 3 makes use of the unstandard audit reports and combiningconcrete listed company to analyze the unnorm information disclosure, connection transations taking up funds and the illegal guarantee ,from their present condition, law norm, the reason and the measures. From the analysis we get a conclusion: firstly, the illegal activities of listed company are complicated increasingly, and the present conditions of the illegal activities are very rigorous. Secondly, the main reason of the illegal activities has relation with the unreasonable ownership structure, the unperfect company governance and the immature regulation etc. The last, only by the measures of adjusting the ownership structure in the reasonable way, perfecting the corporate governance and building up related law , can we solve the problem of the listed companies' illegal activities in our country.The last chapter carries on the summary to the research contents of the full thesis, and put forward the suggestion to the illegal activities of the listed company.The emphasis of this thesis is mainly on that the illegal activities of the listed company is able to be quantified through its unstandard audit reports, the data and facts of the listed companies' unnorm activities in the unstandard audit reports expose their illegal actions substantially...