Study On The Equity Pledge Risk And Countermeasures Of X Company’s Holding Shareholder

Equity pledge refers to a financial transaction activity where a shareholder who provides equity takes his equity interest as a transfer in other institutions to obtain financing.Nowadays,the number of people who rely on equity pledge to obtain the required liquidity is increasing,especially the actual controlling shareholder of the company.They are most often engaged in equity pledge.For shareholders who transfer equity,equity pledge is the company’s fastest financing.Starting from the pledgee who owns the equity,its advantages are strong liquidity and low risk.This article mainly analyzes the large-scale rise in the amount and frequency of equity pledges under the rapid advancement of the market economy from the perspective of the pledger who provides equity.The company has been forced to liquidate and can only change its control.This article adopts the case method,from the company controlling shareholder for frequent equity pledge to two rights separation degree heightening the equity pledge basic situation,first through the benefit expropriation behavior of controlling shareholders and the change of operating condition to calculate,the moral risk of equity pledge to bring a detailed analysis.Secondly,disposal risk is also an aspect of this paper.Despite the substantial default of"16 environmental protection debt by X company and the plummeting stock price,the proportion of equity pledge continued to increase,but no active measures were taken.Finally,it is necessary to identify what investment risks are,and analyze the types and causes of these risks.As far as the subjective will is concerned,the intention of the controller who has the equity to conduct the equity pledge behavior is better or worse will cause a series of risks.Regarding the above situations,this article proposes reasonable countermeasures.It is hoped that after reading this article,shareholders of the capital market and other listed companies can correctly use equity pledges to promote the vigorous progress of the capital market and listed companies.