Large Shareholders Accounting For Capital And The Interests Of Minority Shareholders Protection

In recent years, expropriation of the listed company's capital by major shareholders has been the emphasis of regulation & improvement of China' s listed companies. Although the methods the government taken have acquired some effectiveness, the expropriation still take place from time to time. By taking Languang Science & Technology Co, Ltd. for a typical case study, this paper investigated on the issues of expropriation of the listed company's capital by major shareholders and protection the rights of small and medium-sized shareholders.Based on the special regime background of China's securities market development, this paper firstly summarized the development, means and hazards of expropriation of the listed company' s capital by major shareholders in China. Then, on the base of analysis on the case of Languang, this paper pointed out that the expropriation due to multi-dimensional reasons, such as irrational ownership structure, non-standard corporate governance mechanism, inadequate supervision of the institutional framework, etc. severely affect the normal operation of listed companies, endanger the healthy development of capital markets, damage to small and medium-sized shareholders the rights and interests. Finally, this paper putted forward Countermeasures and suggestions from the whole process perspective of "prevention - regulation - remediation".The research results of this paper have a certain reference for reducing the occurrence of the capital expropriation by major shareholders, and protecting the rights of small and medium-sized shareholders, thereby improving China's securities markets in the era of after-shareholding structure reform.