股份回购是上市公司回报投资者的重要方式。上市公司股份回购中可能出现一些失信行为,主要包括市场操纵、内幕交易、其他利益输送以及违约行为等形式。防范股份回购中的失信行为,应当以适当监管为原则,对上市公司董监高和大股东的交易行为予以重点关注,同时规范上市公司实施股份回购的具体操作规则。 Share repurchase is an important way for listed companies to repay investors. There may be some dishonesty in the repurchase of listed companies, including market manipulation, insider trading, other interests transfer and breach of contract. On the principle of appropriate supervision, we should pay close attention to the behaviors of directors, supervisors and major shareholders in listed companies and regulate the specific operating rules for the implementation of share repurchase in listed companies.