The Research On Management Of Major Shareholders Of Listed Companies Equity Pledge Financing

Major shareholders of listed companies equity pledge financing is more and more by the major shareholders of listed companies,the pledgee's party and related party's welcome.It is because of Its flexibility and high efficiency,simple application convenience,negotiability,and the Value is easy to determine.Especially in recent years,major shareholders of listed companies equity pledge is increasingly popular.However,equity pledge financing cause joint crisis for a lot of major shareholders of listed companies at the same time.If the pledged equity prices fell sharply,pledge party will demand major shareholders margin or additional equity pledge,otherwise will be forced to unwind positions.But if forced to unwind,major shareholders may lose control of listed companies.Therefore,to strengthen the research on management of the major shareholders of listed companies equity pledge financing is necessary,and should not be ignored.Major shareholders of listed companies and related parties need to establish the corresponding financing risk management system to deal with the possible risks.This paper analyzed the present situation of the major shareholders of listed companies equity pledge financing,and analyzed the management problems of equity pledge financing.Put forward the train of thought which based on the goal of risk control to realize the management of major shareholders of listed companies equity pledge financing.The equity financing of listed companies management process is divided into the overall financing mentality management level and specific financing process management level.At first manage the enterprise financing situation as a whole,then according to the specific process of equity financing,divided the management into the beforehand management phase of risk aversion as the goal,matter management phase of risk control as the goal,afterwards management phase ofrisk feedback as the goal.Through the feasibility,rationality and controllable make the inside of each part,then effective management of the risk of each stage could cause problems.Based on the case application of management of BM company shareholder equity pledge financing,learn establish finance management system is necessary to avoid major shareholders of listed companies financing risk measures.Finally put forward the safeguard measures to eeffective application major shareholders equity pledge financing system,and control of the risk of major shareholder equity pledge financing.