Analysis Of Guanghui Energy Stopping Prefered Stock Issue

In the United States in 2008 when the subprime mortgage crisis,the world has been the impact of the crisis,China has not been able to avoid its difficulties,many companies are so caught in a huge financing difficulties.In many countries in the West,the development of preferred stock has been a long time,after a long period of development,they think that the preferred stock to the country's market economy play a small broad role,is a good available Choice of financing.Moreover,in the international financing market,preferred stock from its production began to be favored by investors,has a larger market demand,has become an indispensable way of financing.However,in China,the development of preferred stock is slow,even before it has been developed,but because of the impact of more factors,the development of China's preferred stock is still in its infancy.At present,China's preferred stock has just begun to pilot,has issued a preferred stock company is still very small,and most of them for commercial banks,coupled with the preferred stock-related laws and regulations are not perfect,so the preferred stock issue still exists Many of the problems we need to solve as soon as possible.In this paper,through the domestic and foreign research on the preferred stock of the literature to sort out the risk of the issue of preferred shares to make a comprehensive understanding.And then to China's first A shares issued by the preferred stock financing plan,is also the first issue of preferred shares issued by the listed company Guanghui Energy,for example,to understand the case of the incident,from both internal and external aspects,through the data access and collection,The specific analysis of Guanghui energy the reason for the termination of the release.The reasons for the analysis are as follows: the high cost of the preferred stock financing;the poor financial status of the enterprise;the risk of the preferential stock financing;the adverse impact on the common stock;the imperfect market supervision.Finally,according to the reason of the analysis,this paper puts forward some feasible and feasible suggestions on the future distribution of the preferred stock.It is hoped that the analysis and research of this paper can provide reference for the future development of the preferred stock.