The Impact Of Insurance Funds On Entity Enterprises

Since 2015,insurance funds placards entities have been a hot topic in capital markets.In recent years,capital market insurance funds placards continue.In 2015,the insurance funds in the A shares placards 33 listed companies.To the end of 2016,48 listed companies were insurance funds placards,placards cost more than 300 billion yuan.The placard tide not only to the insurance business to withstand the capital chain break the crisis,the placard of the entity also caused a certain impact.Through the collection,summarization and summarization of the existing relevant literatures,this paper explores the impact of insurance funds placards' enterprises on the corporate governance,financial indicators and market evaluation of the topped enterprises.In view of the relevant provisions of the insurance fund investment and the Chinese listed companies in the future to deal with the insurance fund placards to provide a positive guiding significance.The main contents of this paper are as follows: Firstly,the research background,significance of research,literature review at home and abroad,research contents,research methods and possible contributions are introduced.Secondly,the relevant concepts and theories are summarized,including insurance funds and placards,The relevant theoretical basis of the influence of the placards,and the relevant theory of the effect of the executive turnover on the performance of the company.Thirdly,the present situation analysis of the insurance enterprises,including the relevant legal provisions,the causes of the placards and the risks;Case Study Method,taking Bao Neng invested CSG A as an example,this paper analyzes the four indexes of corporate governance,financial indicators,secondary market reaction and long-term potential risk of placards before and after placards,The impact of the listing of CSG,and finally the conclusion of this case.For this case,because the original major shareholders did not maintain their shareholder status,the original management team to try to change the constitution failed and other reasons,resulting in insurance funds successfully won the company control,eventually leading to the original management team of CSG Group was completely replaced,the company's Development strategy and production and operation are affected: CSG Group began to operate capital,its wholly-owned Sun company to sell the company's fixed assets;CSG's financial data to a certain extent by the negative impact of this placard,operational capacity,profitability And solvency have different degrees of decline;during the placards,the market to improve the valuation of the CSG Group;the placards of the CSG Group there are still potential long-term risks,the future the company is likely to face large shareholders emptying,The risk of re-transfer of control and other risks.For the reasons for this placards,the author of the regulatory authorities for the future promulgation of insurance funds for the relevant provisions of the investment and entities to prevent malicious acquisitions made recommendations.