中国上市公司投资者关系管理制度完善研究

Abstract

The thesis deeply analyses the current situation and existing problems of investor relations management in Chinese listed companies starting from relevant theory regarding investor relations management, the problems are as follows: (i) Listed companies have an unclear understanding and orientation to investor relations management; (ii) A majority of listed companies do not set offices in connection with investor relations management and there is a lack of talents who are skilled in investor relations management; (iii) Quantity and quality of disclosure content of listed companies need to be improved; (iv) Listed companies do not pay much attention to the middle and small investors and so on. I emphasize the following measures to improve the investor relations management system of listed companies, including but without limitation, (i) Clarifying the orientation of public power regulation departments and improving the standard of investor relations management; (ii) Establishing industry self-discipline organization such as investor relations association in order to play the role of self-regulation; (iii) Setting up and improving the credit rating and reputation evaluation system of listed companies to cause them self-improved; (iv) Playing the role of intermediary organization, especially playing the role of the media supervision. At the meantime, I deeply discuss the possible situations that the investor relations management system may face after the registration system of Chinese stock public offering comes into effect.