Using the financial data of listed companies in China from 2011 to 2021 as the research sample, we analyze the relationship between senior executive shareholding and working capital financing strategies of listed companies, and examine the impact of macroeconomic growth rate on the relation between senior executive shareholding and working capital financing strategies. We find that senior executive shareholding makes corporate working capital financing strategies more aggressive; when the macroeconomic development is better, the aggressive role of the senior executive shareholding on the working capital financing strategy is enhanced. After further study, we find that free cash flow and risk taking levels play an intermediary role between senior executive shareholding and working capital financing strategies.