Analysis Of *ST Yaxing Large Shareholder Tunneling

Since 1991,China's capital market has changed gradually.Compared with the European and American market,the arisen time of China's market is shorter,but it has more power to develop.The well capital market have pushed forwarded the good development of Chinese economy,enriched financing channel and make enterprise realize value.But in current capital market,the large shareholder embezzle the interest of listed company,lead to company's stock become *ST stock and harm the interest of minority investors.If minority investors' interest has been harmed,the investment of capital market will reduce and it will damage the health of China's economy.So,the capital market will focus on the tunneling and the protection of minority investors' interest.It was reported that weifang yaxing group as a large shareholder embezzled the interest of weifang yaxing chemical,pointed out the method of tunneling and bad economic consequence. The tunneling leads to negative effects of listed company and damages the interest of minority investor,so we must analysis the shortcoming of corporate governance and hope the good development of capital market.