Research On The Legal System Of Cross-shareholding Of Company

Cross-shareholding of company refers to the combining form that two or more independent companys become each other's shareholders directly or indirectly based on the specific goal in order to affects each other .It is made clear the conceptions of the types of Cross-shareholding, the advantidge and disadvantidge ,and the present development of Cross-shareholding of company in this paper . Cross-shareholding companie can increase capital accumulation and develop economic scale effect ,conducive to promoting management and enhance their core competitiveness,optimize the shareholding structure, and promote the healthy development of the securities market.It is easy to form a strategic alliance to prevent hostile takeovers and manipulation.Of course, the cross-shareholding of company also has its drawbacks, such as easy to falsify a company's capital, contrary to the basic principles of company law, disorder corporate governance structure and management as well as may endanger the interests of minority shareholders. In order to understand the legislative pattern and value orientation of cross-shareholding , a rigorous comparative analysis of all companies abroad is made in this paper.It is also the reference light for the existing China's system of cross-shareholding.It is based on the reference to the existing cross-shareholding system of China that proposed the current legislative construction proposal of cross-shareholding company. The legislative value orientation of Cross-shareholding should be equalty, efficiency the priority and striking a balance between safety .In current economic situation , the mode of cross-shareholding companies in China should be combined with legislative regulation mode and afterward relief mode. Finally, in order to maintain coordination between the cross-regulations and integrity we should strengthen the securities law, the anti-monopoly law and other legislation work...