On Motivation Of The Reduction Of Major Shareholders In The Gorgeous Family

For a long time,the securities market has often suffered from a large number of major shareholder reductions,which has hurt the interests of listed companies and even reached the point of bankruptcy.Throughout 2005,the share-trading reform has enabled a large number of non-tradable shares to be lifted,and the reduction of non-tradable shares since 2007 has almost become a trend,and many people believe that the 2008 stock market crash is due to this.Subsequently,the major shareholders of many listed companies frequently and extensively reduced the chaos,which not only caused the company to receive influence,but the entire market was filled with a speculative taste.Therefore,in 2017,a new law on the reduction of major shareholders of listed companies was issued.The new regulations constrained the reduction of shareholdings and strengths of major shareholders and executives.However,to date,there are still many major shareholders who can pass Violation of regulations to reduce the shares of listed companies to obtain excess returns,the punishment for illegal reductions seems to be far from enough.In order to more accurately understand the present situation of foreign currency debt of China's airlines industry and put forward effective measures,this paper first analyses the impact of exchange rate fluctuations and the RMB devaluation and discusses the methods to deal with the foreign currency debt;second,through case studies of three representative enterprises in the airlines industry,discusses the existing management measures and effect of shipping enterprises in this paper;finally,reveal the main problems of the airlines enterprises in foreign currency debt risk management,and gives some suggestions in hope of providing references for the steady development of airlines companies.In order to provide some suggestions for regulating the chaos of the reduction behavior of major shareholders of the listed companies in the current securities market,and to study the motive behind the reduction of major shareholders,this paper uses the case study method to select Gorgeous Family Co.,Ltd.as the case company for research,and conducts specific research on the motives of the major shareholder,especially the controlling shareholder,and also analyzes the economic consequences of the reduction to the gorgeous family..First of all,the history of Gorgeous Family Co.,Ltd.is listed,and the nature of its business is determined to be the main business of real estate development.Then it analyzes the domestic macroeconomic environment and the prospect of the real estate industry in which the gorgeous family is located.Whether the major shareholder's shareholding reduction has the influence of the external environment;then,the major shareholder's judgment on the company's development strategy is judged to determine whether the reduction is only a strategic need;finally,the company's performance and the company's then shareholding structure are judged to see if There is a loss of confidence of the company's major shareholders in the company,or the purpose of short selling listed companies for personal gainThrough the research of the case company the gorgeous family,this paper concludes that the major shareholders of listed companies,especially the major shareholder of private listed family enterprises,have strong motives for reduction,and this kind of motive for reduction is composed of multiple incentives for reduction.There is a dynamic evolution process,and these reduction drivers are caused by the external environment and internal factors of the company.First of all,the overall economic downturn in the country and the bleak cooperation of the real estate industry in which the company is located have caused the major shareholders to decide to transform the listed company,and the failure of the transformation has led to the worsening financial situation of the gorgeous family whose performance has declined.The motive for reducing holdings has changed from supporting the company to becoming a high-level reduction.In the end,this motive has become a hollow,and the gorgeous family has been almost completely hollowed out by major shareholders,causing a large number of minority shareholders to suffer.In order to prevent such a situation from happening again,there should be three points to regulate the reduction of shareholdings of major shareholders of listed companies.The first is to improve the ownership structure and governance structure within the company.A listed company with a large size is prone to reduce the cash-out phenomenon;The major shareholder of a listed company should take the interests of the company as its starting point when legally reducing its holdings,and it should not harm the interests of the company.Finally,the violation of the major shareholder's behavior should be subject to stricter restrictions and punishments.