The main problems in the supervision of listed companies in the supervision of listed companies

Recently, the securities market expansion speed significantly accelerated, the number of listed companies has increased dramatically, but the main body of the regulation of listed companies and regulatory measures have not been able to adjust in a timely manner, resulting in the regulation of listed companies in the problems increasingly come to the fore. This is mainly manifested in the following aspects:

(a) regulatory regulations are not perfect regulatory regulations is the premise of the standardized operation of listed companies, but also the basis for regulators to carry out supervision. At present, China's listed company regulatory laws and regulations mainly include the Securities Law and the Company Law, in addition, also includes the People's Bank of China Law, the Commercial Banks Law and the Provisional Regulations on the Issue and Trading of Stocks. The imperfections in the regulatory regulations are mainly manifested in such aspects as too single criterion for recognizing the qualification of the main body of the listed company, unsound supervisory measures for the operation process of the listed company, and light penalties for violation of the regulations by the listed company.

(2) Inadequate self-supervision Inadequate self-supervision mainly includes two aspects: on the one hand, it is the management personnel of listed companies, especially the top management personnel, who do not have in place the learning and understanding of the relevant regulatory laws and regulations; and on the other hand, it is the financial personnel of listed companies, who do not have in place the learning and understanding of the relevant financial laws and regulations. The lack of these two aspects is the soil and breeding ground for unintentional violations of listed companies.

(C) the supervision system is incomplete supervision system refers to the supervision of listed companies in all aspects of the composition of the interlinked organic whole. Supervision system is incomplete means that there are still some supervision in the supervision system is missing. At present, in the supervision system of listed companies in China, there is an obvious lack of public supervision. The lack of social public supervision of listed companies is not a sense of supervision, but a regulatory platform.

(4) Violation penalties are not timely and severe Violation penalties include both intentional violation penalties and unintentional violation penalties. Once a listed company is found to be in violation of the law, the regulatory body with the power to penalize should promptly identify the reasons and immediately impose appropriate penalties. Only on the listed company's violations, especially for intentional violations of the penalty in a timely and severe, in order to establish the majesty of the regulations, so that potential violators deterred.