双层股权结构本土化的法律风险及应对机制

中图分类号：D922.291.91;F830.91 文献标识码：A 文章编号：2095-6916（2025）15-0048-04

Legal Risks and Response Mechanisms in the Localization of Dual-Class Share Structure

Zhou Jia

（Jiangsu ZhanglinfangLaw Firm，Changzhou 213000）

Abstract：Asaniovativecorporategovernance model，thedual-lassharestructureprovidesfiancingconveniencetothefounders ofthecompaydeablestetomaintaincontroloftecompanyytablisingdiferentiatedvotinghts.However，duringitsloalization，tealassecutlcgalsschdeludceeaofoe of hecompany’sitealsupervisiomchanis，akeingofteompan’sxtealarketsupervisioanddiultyinaige protectiontheghtsandinterestsofsallandmedisedinvestors.Toprooteteealthydevelopmentofthual-classsarestru tureinChina’scapitalmarket，thisaperputsforwardcoutermeasuressuchasrefiingiformationdisclosurerequirements，stablishing andimprovingteotectioehasmfoallandidiestosmprovinteitealdxtealspersiodaace mechanismofthecompan.Italsoloksfrwardtothelocalizationdevelopmentofdual-classsharestructureandbelievesthatteexplo rationoflocaizatioofthedual-lasssharestructureargugtatthexploratioofitslcalizationsouldbesrengtedandthelegal regulationofthuallassharestrucurereforedtokeepacewitthetmes，inodertoprovideusefuleferenceforthesameindustry.

Keywords：dual-classsharestructure；lcalizationrisk；legal risk；smallandmedium-sized investorsprotection

随着科创板的设立以及注册制的推行，我国资本市场正迎来新的发展机遇。（剩余5672字）