The Research On The Delisting System Of China’s Listing On The Main Board Corporation

2012is the year of the reform of China’s securities market, China’s securities market since its establishment, has been promoted the economic development of our country. With the gradual development of the market, the stock market also gradually its exposure some problems in the process of improvement. A perfect and mature capital market must be renewal, own the ability to choose winners and losers, the history of delisting system in China only for decades, of course, compared to the two or three hundred years of mature stock market delisting system, the delisting system in China started late,still have a lot to learn,.From the point of view of protecting the interests of investors, is currently China’s listing Corporation through the main board compulsory withdrawal system.In2001,"PT Narcissus" was declared out of the delisting system,delisting system in China had the first time play a role, in2005October,"Company law" and "Securities Law" amendment to the listing Corporation delisting problem with the law, in2006November, the Shenzhen Stock Exchange issued the "SME board stock suspension, termination of listing, special provisions", the provisions were added on the foundation of the existing board delisting system. In2012June, the Shanghai and Shenzhen bourses were released the same day,small and medium enterprise board listing Corporation delisting system scheme", which marks the mainboard listing Corporation delisting system in China has entered a new milestone.This paper is divided into two parts,six chapters, the first part starts from the concept of delisting system itself, and the historical development of the delisting system in China is discussed, summed up the current laws and regulations of China’s current about the delisting rules, focuses on the stock exchange in2012June the new progress. The second part is divided into four chapters, combined with the experience of the mature security market, through the method of comparative law, to perfect the delisting system in China are proposed.