股份回购制度研究

股份回购是成熟资本市场上比较常见的资本运营方式与企业经营策略，尤其对于改善我国资本市场的产权结构和治理环境具有极其重要的现实意义。但是由于相关立法的滞后，导致实践操作中诸多不规范性和回购实务的风险与不确定性，因此在对股份回购的功能与价值进行清晰定位的基础上，制定与规范股份回购的实施细则或具体操作办法是迫在眉捷的课题。

On the System of Stock Repurchase

Stock repurchase is the common capital operational method and enterprise management strategy in the mature capital market and is very important for improvement of property structure in the capital market and environmental management ,but the lag of relevant legislations leads to a lot of irregularity in operation and the risk and uncertainty of the practice of repurchase Therefore, to make the regulation or concrete operational methods for stock repurchase is an urgent task after the location of the functions and values of the stock repurchase