Characteristics Of Listed Companies With Risk Assets Based On Multiple Cases

The second half of 2015 and the full year of 2016 are the concentrated periods of listed insurance companies in China’s A share market.Due to the continuous downward trend of investment income,the insurance company is in urgent need of high quality investment.For a long time,the A stock market in China has been trying to increase the shareholding ratio of professional institutional investors,trying to break the majority of small and medium retail investors in the A stock market.It is obvious that the listed companies of the insurance companies will not be blind and choose to buy a company at random,but they are concentrating on the listed companies with long and medium value at the same time.The income of insurance costs is almost the only source of insurance funds,which is essentially a debt that must be repaid in the future,which is commonly expressed as a leveraged capital.In the management of assets,insurance companies must take into account the matching demands of assets and their own liabilities,and tend to focus on stock investment,long-term equity investment,fixed income,real estate investment,other types of investment and other types of assets.That is to say,we must pay special attention to the allocation of long-term strategic assets.Different kinds of insurance companies often choose different standards.As a high-quality industry,the insurance capital will be considered first.Insurance capital is bound to choose the right target for a listed company to invest,so the question is what kind of companies are raised by insurance capital? There are two main aspects,one is the corporate governance structure,the other is the financial characteristics.At present,domestic scholars study mainly from the theoretical analysis of some apparent characteristics,and seldom do detailed industry comparative data analysis.Based on this,this article attempts to start from the theoretical point of view,to draw lessons from and further analyze the related literature in western countries and in China,to screen the financial and non-financial characteristics,to a certain extent,to avoid a large number of indicators and to provide insurance for practitioners.Some references and references for the lifting of cards and anti takeover.First,the related concepts of placards are discussed.It is pointed out that the investment motivation of insurance companies determines the characteristics of the brand.Some people have also made a descriptive analysis,summarizing the common features of listed companies that have been listed as risky assets,and found that listed companies that have been listed in risk are generally characterized by the following major characteristics: the financial industry,the business enterprise and the real estate industry,the relatively low share proportion of the first large shareholders,the decentralization of the ownership structure and the low price earnings.Rate,high dividend,high ROE,low market value and low cash flow.Therefore,starting from the needs of insurance companies,this paper points out the governance flaws and excellent financial indicators of the company.Starting from the data of the A listed companies listed in 2016,this paper analyzes the characteristics of the listed companies from the equity structure,the solvency,the profitability,the development ability and the investment value.According to the relevant policies and environment of our country,and the analysis of the data of the five years’ data of Wanke company and the same industry,the results show that the decentralization is easy to be used by external investors,especially the insurance capital.Stable and excellent profitability: high earnings per share,high net asset yield,good solvency and low debt ratio are all signs worth investing.This paper provides information reference for the lifting of the cards and the two parties.This study is expected to promote the improvement and improvement of relevant practice,and is expected to play a reference role in the A share market.At the same time,it also brings some policy implications for the government regulatory agencies.It is necessary to strengthen the supervision of the leveraged capital abuse of insurance capital,to combat the risk of drilling holes,and to prevent the impact of bad capital on the real quality industry and enterprises.