Share Repurchase and Protection of Minority Shareholders' Benefit

Share repurchase has positive effect for stock market,such as reducing state-owned stock,optimizing the equity structure of listed corporations and improving corporate governance.But share repurchase has its side affection too.It may add internal business and increase market manipulate risk and then lead the minority stockholders suffer loss,especially in the setting of weak law for investor protection of our country recently.This paper analyzes the problem of minority stockholders' protection in stock repurchase from the view of corporate governance.It suggests some ideas to advance the legislation of the share repurchase on how to protect the minority stockholders' benefit so as to perfect stock repurchase and to make it more fit the development of our market.