It is mainly the major shareholders who infringe on the rights and interests of minority shareholders, mainly the interests of the majority of retail investors. Mainly has the following performance:
1. The major shareholder occupies or misappropriates the funds of the listed company. Major shareholders regard listed companies as cash machines, and do not invest their money in listed companies' projects after financing. This problem is gradually exposed, and the regulatory authorities have begun to pay attention to it.
2. Use information asymmetry to infringe on the rights and interests of minority shareholders. The actual operation of listed companies is in the hands of company management. Although there is an information disclosure policy, it often cannot fully reflect the actual situation.
3. The same shares have different rights, and the shares are split.
The most serious thing is to cooperate with accountants to make false financial reports. For example, Enron and WorldCom events in the United States, and Yin's false financial report scandal in China A shares. Whitewash the packaging of listed companies and mislead investors.