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亚洲存在着大量家族企业和国有企业,在上市公司的监管透明度不足的背景之下,大股东往往会利用企业在母公司与子公司之间转移利润或掩盖亏损,甚至侵吞上市公司的利益。关联交易可能成为企业身陷困境甚至倒闭的重要原因。因此,如何规范关联交易已成为各国证券监管当局关注的焦点。这方面,香港证券监管部门对于关联交易的审核和信息披露采取了一套相对行之有效的措施,有效保护了投资者的利益。
In the background of a large number of family-owned enterprises and state-owned enterprises in Asia, large shareholders often use their profits to transfer profits or conceal their losses between the parent company and its subsidiaries, or even invade the interests of listed companies under the background of the lack of transparency in supervision of listed companies. Related party transactions may become an important reason why enterprises are in trouble or even collapse. Therefore, how to standardize related party transactions has become the focus of the securities regulatory authorities in various countries. In this regard, the securities regulatory authorities in Hong Kong adopted a set of relatively effective measures for the verification and disclosure of related party transactions, effectively protecting the interests of investors.