Research On The Economic Consequences Of Major Shareholders’ Clearance Reduction Of PY Co.,ltd.

With the rapid development of my country’s securities market,chaos reduction is common,especially with the negative impact of large shareholder clearance reduction,which has a huge impact on the normal operation of the capital market.Although the regulatory authorities continue to introduce and improve relevant regulations on reducing shareholdings,the substantial shareholder’s demand for reducing shareholdings has been substantially slowed down,but the phenomenon of large shareholder clearance reductions still continues to be forbidden,so a corresponding system must be issued to regulate the reduction of large shareholder holdings.Better maintain market order.PY Company,as the first environmental protection stock listed by a Chinese domestic company listed overseas,has achieved A-share listing for eight years after the overseas delisting,and on the eve of its restricted shares being lifted,the two major shareholders of PY Company announced their plans The clearance reduction plan has a huge amount of reduction,and the degree of reduction is fierce,and it is representative.This article will study the motivation and economic consequences of PY’s major shareholder’s clearance reduction,and draw corresponding conclusions and enlightenment.It has important practical significance for regulating the behavior of major shareholder reduction and promoting the orderly development of the capital market.This article is to explore the economic consequences of PY’s major shareholder’s liquidation reduction.After collecting and sorting the financial data about the PY company’s major shareholder’s liquidation reduction process and before and after the reduction,combing and analyzing the possible reasons for the PY company’s major shareholder’s reduction,Including the decline in PY’s operating performance before the reduction,the pressure on the business model,the large shareholders eager to cash out for private profits and the high proportion of equity pledges that require funds;on this basis,first use the event research method to analyze the large shareholders’ clearance reduction Market response,analyze the impact of major shareholder reduction on PY’s stock price,and find that after the shareholding reduction,the level of return on shareholder investment is reduced,and the company’s vitality is weakened;second,the comparative research method is used to compare and analyze the company’s financial ability before and after the liquidation reduction Changes,resulting in the long-term impact of the reduction of holdings on the company.In summary,this article believes that major shareholders reduce their holdings of shares within a short period of time,conveying unfavorable negative sentiment to the market,but the market’s feedback on clearance reductions at a particular stage is also positive.Therefore,there are many factors for clearing and reducing holdings of large shareholders,and the imperfect system also leaves room for clearing and reducing holdings of large shareholders.Combining research and analysis of the economic consequences of PY’s major shareholder clearance reduction,the following three aspects of enlightenment are drawn.One is to improve the external supervision system,fill the loopholes in the agreement transfer and block trading system,and increase the punishment for violations.Effective implementation.The second is that listed companies optimize internal corporate governance and improve the information disclosure system so that independent directors can play their roles effectively.Third,small and medium-sized investors improve their professional qualities and invest rationally while safeguarding their rights.