The overall quantity and quality of H unan listed companies have made a qualitative leap after 20 years ' development; how- ever, there are also some issues to be dealt with such as irrational industrial distribution, low market value, possessed funds by major shareholder and financial fraud. Therefore, strengthening the unified planning and rational guidance, improving the quality and industry concentration of listed companies from multiple channels, optimizing the equity structure of listed companies and reinforce market supervision are practic...