Chen Jie et. al. (eds.), Collected Papers on Commercial Law, vol.4: New Developments in the Legal System of Capital Market, Beijing: Law Press China, December 2019.

Deepening the reform of the financial system, enhancing the economic capacity of financial service entities, raising the proportion of direct financing, and promoting the healthy development of the multi-level capital market are the new tasks put forward by the Communist Party of China at its Nineteenth National Congress. This volume of the Collected Papers on Commercial Law takes “the new development of the legal system of capital market” as its theme, focuses on issues relating to the new share repurchase system, the TOB system, the system of spin-off of listed companies, the dual-class share structure system,the system of regulation of false securities information, the system of suspension and resumptionsecuritiestrading, the REITs laws and taxation system, and tries to identify the problems in these systems and find out solutions to them through innovation and standardization, borrowing and transplantation, and introspection and self-reflection, so as to promote the theoretical research on and the practical development of the capital market legal system in China.