Legal Control Of Risks In Stock Pledge Repurchase Of Listed Companies

Our country has already formed the basic legal system of stock pledge repurchase transaction risks,but there are still the following deficiencies in controlling risks:lack of legal restrictions on the pledge of major shareholders'shares;The legal regulation of the information disclosure system of stock pledge repurchase transaction is not perfect;Lack of effective supervision over information disclosure of listed companies;The risk internal control system of securities companies participating in stock pledge repurchase transaction needs to be improved.Therefore,it is necessary to improve the security line and the warehouse line of stock pledge repo transactions.Restrict the large shareholders' equity pledge behavior and optimize the equity structure;Securities companies establish a comprehensive and strict due diligence mechanism;We should establish a perfect information disclosure system for stock pledge repo transactions,strengthen the information disclosure responsibilities of listed companies,perfect laws and regulations,and standardize pledge behavior.The full text is divided into four parts:The first part is to elaborate the basic concept of stock pledge repo transaction and analyze the legal relationship of stock pledge repo transaction.The second part mainly analyzes the possible risks in the stock pledge repurchase transaction.The third part analyzes the current situation of legal supervision on risks of stock pledge repo transactions of listed companies.The fourth part analyzes the countermeasures to perfect the supervision of stock pledge repo transactions in China.