Analysis And Revelation Of The Related Party Transactions Of Shuntian Marine

The steady development of all walks of life in China is inseparable from the gradual improvement of China's social market economy and even many emerging industries.From the perspective of the stock market,up to now,about 1,200 listed companies have been turned in,and the listed companies of shenzhen stock exchange are around 2,100,with a total of about 3,500 listed companies.The other side of the rapid development is inevitably hidden,and some of the frauds that the public cannot see or find hard to detect are under way.In 1999,the "yinguangxia incident" opened the prelude to financial fraud in China,and the subsequent scandals of the listed companies were endless.The means of financial fraud are dazzling,but the motive is the same.In this paper,we discuss the improper related party transactions.At home and abroad in recent years,there is no lack of study of related party transactions,because the domestic in view of the lack of relative laws and regulations introduced related party transactions,it is the lack of a regulatory mechanism for related party transactions correctly or not.Related party transactions are not all bad side,if reasonable and legitimate application,also will have a positive impact on the enterprise.First exists between related parties must be familiar with the degree of,so conflict can effectively negotiation,transaction will steadily and effectively,and eliminate information can maximum difference.Secondly,through proper operation within the related party,the scale economic benefit of the enterprise group can be reached.And its defects is quite obvious,because is the group's internal trade,the transaction price is easy to appear the phenomenon of unfair,it is provided for those who have improper thoughts conceal profit,illegal transfer of property of the channel.First of all,this paper comprehensively sorts out the related theories of related party transactions and related party relations,including the theory of motivation of fraud,hypothesis of economic person and principal-agent theory.And make a simple summary of the process of related party regulation in China.Next to sainty ship with the affiliated party relations and the affiliated party transactions mingde case analysis,including sainty ship with mingde main connection transaction means,shuntian equity structure,the connection transaction amount and other details of the ship.Then,this case is analyzed to analyze the cause of its related transaction and the result after the event.Finally,the paper puts forward the optimal scheme for related party transaction fraud and its enlightenment to us.