Risk Analysis For Huasheng Holdings Pledge Of Equity

NEEQ,which is called National Equities Exchange and Quotations.After 6 years of development,NEEQ has become an important part of China's capital market.Small and medium enterprises can use the opportunity of listing NEEQ to standardize corporate governance,establish brand and utilize the financing function to solve the capital problems of enterprise development,and lay a good foundation for further development and landing the Main Board.However,liquidity of NEEQ is insufficient and private placement is shrinking,the financing function has not played a good role.Under this background,equity pledge has gradually become an important financing way.Behind the soaring of equity pledge,equity pledge risk cases appear frequently.Once the financing risk arises,it will cause turbulence in NEEQ.The risk of equity pledge for companies in NEEQ is far greater than listed companies.As more and more companies choose equity pledge financing in NEEQ,how to prevent the risk has become an urgent topic.The risk of equity pledge is usually divided into the risk faced by the pledgee and the risk faced by the listed company,and the risk faced by the pledgee is the main risk.In this case,the pledgee has realized right by disposing of the equity pledge.The pledgee mainly faces market risk,default risk and disposal risk;the equity pledge of the listed company is forced to close and control rights are changed,and the listed company is mainly exposed to operational risk,change of control risk.In this case,multiple equity pledge risks broke out.In particular,the emergence of the risk of change in the control of the listed company has caused great concern in the market.This was the first case where the listed company equity pledge was forcibly closed down and the control of the company was changed,multiple equity pledge risks happen.The former studies for equity pledge research mainly in the feasibility analysis,the impact on corporate value,legal issues and so on,but this article analyzes the risk causes of Huasheng Holdings pledge of equity.This article gets revelation based on the causes of risk that the creditor equity pledge risk prevention,the listed company equity pledge risk prevention,laws and regulations on the NEEQ equity pledge related provisions of perfection.This article provides reference of risk prevention for the equity pledge stakeholders and makes recommendations on the existing relevant provisions in NEEQ,which has certain theoretical significance and application value.