Probe Into The Risk Of Listed Companies' Security And Guarding System

The situation of Chinese listed companies has been low these years. Except that there is much nature defect in original regulation of Chinese securities industry, we find out the unlawful security between the listed companies cause much harm for Chinese securities industry. Nowadays, there are serious problems in the security of listed companies, such as: the huge amount of listed companies security, the widespread listed companies' related security, and the "security chain" and the "security chain" characterized in regions which are caused by the mutual security of listed companies. In order to regulate the activities of listed companies, the Chinese Securities and Exchange Commission issued the Notice about the problems of the listed companies' security for others in 2000 and the Notice about regulating the activities of listed companies' security in 2003, executing the more rigorous supervise and the more serious penalty to the unlawful security, but the hidden trouble of unlawful security is still difficult to eradicating. The listed companies changed continuously the manner of security for evading the authorities' supervise. Nowadays, the risk of listed company security appeared. How to guard the risk is a popular topic in society.This article has five chapters, as follows:The chapter one is about the development of listed companies' security and main reasons. an analysis is done and the main reasons for the bad situation of listed companies' security is the way of raising capital is deficient, and the companies' governing structure isn't standard, the bank's irrationality controlling risk for the credit with the security of listed companies, as well as the short of social credibilitysystem, etc.The chapter two is about the analysis of the risk caused by listed companies' security. There is big risk not only for financial safety of bank, but also for the running of listed companies, the interests of investor and the development of Chinese stock market.The chapter three is about the administering situation of listed companies' security and the risk caused by listed companies' security has been pay an attention by society and. Owing to Chinese rule of law to listed companies' security isn't unified, the lack for the standard companies' governing structure's and security' deciding mechanisms, the irregular announce of information, the softly penalty to the unlawful security and the defeat of bank's controlling risk of credit, etc. the Conclusion is the problem needs to be solved urgently.The chapter four is about other countries' favorable administering measures for listed companies' security, such as the rule of law for listed companies' security in American and France and the perfect social credibility system, etc.In chapter five, the article is bringing up the guarding system against the risk caused by listed companies' security through drawing on the experience of other countries. Firstly, Formulating unified law to rule the listed companies' security. Secondly, sounding the social credibility system. Thirdly, improving the bank's administering level of financial risk. Furthermore, the listed companies should stand the acts of security. Besides, the authorities should take the more strengthen administering methods and broadening the companies' raising capital by developing the profession warrant companies, etc.It is need to especially emphasize that the article is making much of analysis of the risk for the listed companies' security and the banks, such as lawsuit and a connecting debt link, etc. therefore, this article drew lessons from France where the central bank has been predominant in social credibility system and bring up own thinking about the establishment of social credibility system in China.