Analysis Of Measures Taken By Major Shareholders To Resolve Overdue Stock Pledge

As the main financing method for major shareholders of listed companies,the stock pledge financing business experienced a blowout from 2013 to 2018.In 2018,in order to further maintain the stability of the securities market,regulatory authorities successively introduced new regulations on stock pledge,new regulations on major shareholder reduction,new regulations on asset management,and management measures for over-the-counter pledges.Based on the trend of stricter regulation,the over-the-counter market for stock pledge has been almost completely suspended,and the market quota for stock pledge on the over-the-counter market has been greatly compressed,further squeezing the space for market financing and causing accelerated exposure of overdue stock pledge financing.The widespread outbreak of overdue stock pledges will cause great harm to listed companies and major shareholders.According to the existing research on stock pledge both domestically and internationally,most of the research cases focus mainly on the prevention and control of financing risks in stock pledge.Relatively speaking,there is a lack of research on the measures to resolve overdue stock pledges by major shareholders and the effectiveness analysis of the measures taken by major shareholders to deal with them.It is even rarer to illustrate through case analysis.Therefore,this article takes the major shareholders of Company A as an example to study and analyze the solutions and effects of major shareholders in the face of overdue,when overdue,and after overdue under the macro conditions of continuous decline in the securities market and industry.This article adopts literature research,normative research,and case study methods,based on the financing case of A Company’s major shareholder stock pledge.The research content includes six parts.Chapter 1,Introduction.Briefly elaborated on the research background,significance,content,ideas,and innovations of this article;Chapter 2,Concept Introduction.This article mainly introduces the concept and characteristics of stock pledge financing,as well as common measures to resolve overdue issues in China’s A-share market;Chapter 3 introduces the development process of China’s stock pledge financing system,the current industry status of stock pledge financing,and the latest regulatory requirements for stock pledge financing in China;Chapter 4introduces the case of A Company’s major shareholders resolving stock pledges.A brief introduction was given to the basic situation of the listed company,the situation of A company’s major shareholders engaging in stock pledge financing,and the pressure of A company’s major shareholders facing overdue stock pledge;Chapter 5: Analysis of the impact of overdue stock pledge by major shareholders of Company A and the corresponding measures taken.Firstly,the adverse effects of overdue stock pledges by major shareholders of Company A were analyzed;Secondly,the reasons for the overdue risk of major shareholders in Company A were analyzed;Furthermore,a series of measures taken by the major shareholders of Company A to address the overdue stock pledge were analyzed;Finally,the effectiveness of the resolution measures for major shareholders of Company A was analyzed and summarized,which were elaborated from two aspects: the impact on Company A and the impact on its major shares;Chapter 6,the conclusion and inspiration of this study.By analyzing the measures taken by the major shareholders of Company A to resolve the overdue stock pledge,the conclusion of this article and the corresponding inspiration from this case are summarized.In summary,this article has high practical value for major shareholders to resolve overdue stock pledges.Through the analysis and research of measures taken by major shareholders of Company A to resolve overdue stock pledges,it has aroused the attention of major shareholders of listed companies to risk control,enhanced the risk control ability of major shareholders’ stock pledges,and improved their risk resolution ability in the face of overdue payments.At the same time,provide effective risk mitigation measures and ideas for various participants in the market,explore areas for regulatory strengthening,and provide reference for major shareholders of listed companies facing similar problems.And I hope that the research and analysis in this article will have a positive impact on creating a healthy capital environment.