Sociology Of Law Analysis Of Listing And Delisting System In Securities Market

The improvement of the listing and delisting system is related to the normal metabolism of the securities market.Just as the sociological function of law explains,the listing system and the delisting system must reach a balance and advance to achieve value.Now that the reform scheme of the listing system in the field of practice has come out which with little success,it is difficult to become a long-term institutional reliance,and full of administrative power to directly dominate.Although the delisting system introduced more relevant laws and regulations,it actually performed poorly.Both the listing and the delisting systems have complex practical issues and they cannot be effectively integrated.It is bound to not meet the social and economic development requirements.The temporary policy that the government relied on did not accord with legal connotation.In the long run,the difficulties and mudslides will surely follow.When studying the listing system and the delisting system,we must not talk about one party not talking about the other.The problems of the listing system and the delisting system are each independent,but they have natural relevance and symbiosis.Only when the two issues are analyzed together can we come to a conclusion.Currently,financial science,economics,and economic law and other related disciplines have analyzed and interpreted the listing and delisting systems.Many inspirations have been given.However,the discussion and research in jurisprudence,especially law sociology,has few instructions.Because the objects and elements of the sociology of law worthy of the listing and delisting system are obvious,it is certain that there will be benefits to the legal market predicament of the capital market.This gap in academic research should be avoided.This article analyzes the current history of the listing and delisting system and uses law sociology methodology to analyze various current conflicts,and concludes that the evolution of the listing and delisting system conforms to the characteristics outlined by the legal taxonomy theory and the responsive legal heory in the current strict supervision of the securities market,and then pointed out that strict supervision of the era of the listing and delisting system does not comply with the jurisprudence of the relevant policies,so put forward the principle of the responsive legal theory to specifically take methods to solve the problem.