Shanghai Stock Exchange Grasp Key Minorities and Strictly Check Controlling Shareholders’Capital Occupation and Violations

"Shanghai Stock Exchange: Grasp Key Minorities and Strictly Check Controlling Shareholders’Occupation of Funds and Violatory Guarantees"

In 2018, the controlling shareholders’fund occupation and irregular guarantees increased, mainly in two forms.

First, controlling shareholders directly occupy large amounts of capital of listed companies, or directly require listed companies to provide guarantees for their violations. Some controlling shareholders and their affiliates directly occupy large amounts of non-operating funds of listed companies during the reporting period, and there are still huge amounts at the end of the period _________.full text