Research On The Risk Of Wenfeng Share Holding And Its Prevention

With the development of capital market in our country,this phenomenon has appeared.What is the motivation of shareholding? Is it legal for shares to be held on their behalf?What are the risks of holding shares on their behalf? How does the relevant law stipulate the shareholding? They are all issues of great concern to all parties concerned.Therefore,by using the method of case analysis and literature analysis,according to the financing theory,agency theory,trust theory and partnership theory,this paper makes a deep study on the stock substitution motivation,risk and preventive measures of Wenfeng Stock Company.It provides a reference for Wenfeng Stock Company and similar projects to strengthen the management of shareholding.First of all,the paper introduces the significance of the research,the purpose of the study,the literature review at home and abroad,the research methods used in this paper,the innovation of the article and so on,and makes a comprehensive overview of this paper.Secondly,it introduces the relevant theoretical basis of share substitution,and defines the concept of share substitution.The related theoretical basis includes financing theory,agency theory,trust theory and partnership theory.The definition of concept is mainly composed of four parts: the concept of stock substitution,motivation,type and risk.Third,it analyzes the case of Wenfeng Stock Company.It is found that the motivation of Wenfeng stock substitution has increased market attention.Degree releases the good signal of the development of the company,reduces the market attention to secretly maintain the control rights of the company,etc.,the type of proxy belongs to the entrusted stock;there is a risk that the acting behavior is not recognized,the hidden shareholders and the prominent shareholders are facing the risk of infringement of their rights,and may face operational risks,financing risks,and so on.Fourth,from the legal point of view,shareholder point of view,company point of view,other angles of four aspects of Wenfeng joint-stock company share replacement risk reasons.It is found that the reasons are that the legislative level is low,the relevant laws are few and imperfect,the measures to protect the rights of anonymous shareholders and prominent shareholders are not perfect,the internal control system is not perfect,and the information disclosure system is not perfect.Regulate corruption,etc.On this basis,this paper puts forward some suggestions to improve thelegislative level,enrich and perfect the relevant laws: put forward the protection measures of shareholders' rights,perfect the internal control mechanism,perfect the information disclosure,reform the supervision system and so on.Finally,the research conclusions of the paper are put forward and the development prospect of stock substitution is prospected.Through the above comprehensive analysis of Winfeng holding,the company can make better use of the form of shareholding and seek advantages and avoid disadvantages.The innovation of this paper lies in the qualitative and quantitative research on the harm caused by Wenfeng stock substitution and its preventive countermeasures,which enriches the relevant research literature.