A Case Study On The Long-term Difficulty Of Brexit For Major Illegal Listed Companies

Unlike in China,where many companies compete to list every year,listed companies suspected of serious violations of the law have long struggled to withdraw from the market for a variety of reasons.If such companies have been present in the stock market,it will seriously affect the healthy development of China's stock market,but also is not conducive to maintaining the seriousness and authority of the Brexit system.Therefore,the main reasons for the long-term difficult Brexit phenomenon of the above companies are explored in order to further strengthen the construction of the Brexit system in a targeted manner by the regulatory bodies.By combing the development course of Bo Yuan s investment,this paper finds that its long-standing illegal violations from 2001 to 2014,and the above illegal violations are relatively important,and essentially meet the current Brexit standards.In this case,the result of the long-term difficult to withdraw from the market is an urgent problem to be solved.However,by combing the literatures at home and abroad,it is found that the relevant research on the Brexit system by experts and scholars focuses on the design and implementation of the Brexit system,the defects of the Brexit system and so on,and on the other hand,it studies the Brexit problem of listed companies from the perspectives of investor protection,earnings management and financial fraud.Most of the existing literature summarizes the causes of the difficult Brexit problem of serious illegal listed companies in a general way in theory,but it is relatively rare to summarize the specific reasons for the above problems by means of case analysis.Based on the above reasons,this paper selects Bo Yuan investment as a case study,it is expected to find the reasons why the investment of Bo Yuan has been difficult to withdraw from the market for different years.The research methods used in this paper are mainly case study method and literature research method.The main reasons for the lesearch in this paper are as:first,the main reason why Bo Yuan investment is difficult to withdraw from the market for a long time is its active circumvention of the Brexit system,the shortcomings of the regulatory bodies in the process of institutional arrangement and law enforcement,the failure of the audit institutions of the annual report and the concealment of financial fraud,and the complexity The economic consequences of 'Bo Yuan's long-term difficulty in withdrawing from the market on the one hand,through the analysis of relevant financial indicators,found that the company in the face of the risk of Brexit poor profitability,and thus further harm the interests of shareholders,on the other hand,when Bo Yuan investment is exposed to the risk of Brexit,The different behaviors shown by the company's major shareholders and small and medium-sized shareholders have also caused them to suffer some economic losses.On the basis of the above research findings,and combined with the improvement of the new rules of Brexit in the 2018,this paper puts forward the corresponding countermeasures.Because of the typical investment case of Bo Yuan,the main reason for its long-term difficulty in withdrawing from the market is also of great significance for analyzing the similar problems of other listed companies in China.Regulators may also consider developing a more scientific and effective Brexit system for listed companies based on the main reasons for the above problems.