The Study On The Legal Issues Of Chinese Enterprises' Listing In America

More and more Chinese Enterprises choose to go public in America since 1990s, there are a mass of Chinese Enterprises in the New York Stock and the Nasdaq Securities Market. Today, Chinese enterprises play an important role in American Securities Market.However, strict legal system of information disclosure in America prevent Chinese listed enterprises'development. In order to meet the requirement of legal system of information disclosure, Chinese enterprises plan to go public in American have to pay a lot to develop their internal control mechanism and corporate governance mechanism. Besides, Chinese enterprises encounter more legal risks with legal system of information disclosure, sometimes even encounter securities class actions. This article make discussion and analyses revolve around effect of legal system of information disclosure on Chinese listed enterprises in America. This article can be divided into four parts: the raise of problem and the sense of this article, American legal system of information disclosure and the shortcomings of Chinese enterprises, the adverse effect of legal system of information disclosure on Chinese listed enterprises in America, and the preventive countermeasures Chinese enterprises may adopt to control the aforesaid effect.