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1、本科毕业论文（设计）外文翻译外文出处CanadianSocialScience.外文作者JinlongZHAO,GaiqinZHANG原文：Legal.IssuesontheAssetRestructuringofListedCompanies1.THEORIESONASSETRESTRUCTURINGOFLISTEDCOMPANIES1.1ComparisionofassetrestructuringwithotherrelevantconceptsAssetrestructuringisdependentconceptthatexistsduringtheprocessofstate-
2、ownedenterprisereform.Aftermanyyearsofdevelopment,therehasbeenrichfruitofstudiesonassetrestructuring,butdifferentpeoplehavedifferentpointofviewsabouttheconceptofassetrestructuring,thequestionfinallysettledin2008.TheapplicationscopeofManagementonSignificantAssetRestructuringofListedCompany,whichwas
3、formulatedbySecuritiesRegulatoryCommissiononMarch24,2008,cametoeffectonMay18,2008.Fromthisadministrativelegislation,wecandefinitetheconceptofassetrestructuring,thatis,assetrestructuringmeansenterprisetradeassetbythewayofbuying,sellingandotherwaysoutsidedailybusiness,whichleadtothechangeofmainbusin
4、ess,assetandincome.3Thedefinitionofassetrestructuringcanhelpusseparateassetrestructuringfromrelatedconcept.1.1.1AssetrestructuringandcapitaloperationThepracticeofcapitaloperationoriginatedinthewestworld,especiallyfromthedevelopedmarketeconomycountriessuchasUSA,UKetc.Nevertheless,thejustconceptofas
5、setrestructuringwasbornformallyinChina.Whatisso-calledoperationistoachievecapitalappreciationbyarrangementassetartificiallybythewayofinvestmentandfinancing,assetrestructuringandpropertyrighttradesandsoon.Therefore,capitaloperationhavelargerscopethanassetrestructuring,assetrestructuringisjustoneofm
6、eansofcapitaloperation.11However,assetrestructuringisthemostimportantmeansofcapitaloperation,soassetrestructuringandcapitaloperationoftenmix.1.1.2AssetrestructuringandcorporaterestructuringCorporaterestructuringistochangestructureofenterprise,leadingtoassetrestructuringandfinallyrealizingoptimalal
7、locationofresourcesandefficiencygrowthbythewayofmerger,separation,bankruptcy,acquisitionandjointthroughpropertyrightflowsamongcorporations.Essentially,corporaterestructuringisstrategicrestructuring,assetrestructu
