Analysis Of China's Enterprises Listed Overseas Equity Financing

It is the main trend that international fund flow to China and Chinese enterprise finance in abroad fund market on the background of economy operning to the word and international fund integrating. In this case, it is no time to delay for Chinese enterprise ,about how to catch this opportunity and develop faster with the help of internation fund "blood" . The foreign market like a magnet, it attract more and more enterprise to finance. Using the theory and practice demonstration method, authoranalyses method of oversea financing and reason of abroad_listing. Moreover, problems and difficulties middle_size and small_size enterprise face to list abroad are also considered in order to give suggestion.The first part is the introduction, the atticle propose research significance, research objectives and research findings.The second part is an analysis of the literature , through introduce the overseas listing partial of the Chinese enterprises and the foreign and domestic researchers' points , which is footstone of authors' study.The third part is an analysis of the overseas listings' reason .The fourth part is through the analyses of the capital' cost , tell the effect of the overseas listing effect on the enterprises.The fifth part is the choice of market, through summarize the Chinese corporation's action in three foreign security market: America , Hong Kong , and Singapore, analysis the new listing corporations distributed situation, and proposed which factors should be considered when the corporate make a listing decision.The sixth part is the choice of listing manners, introduce four mainly manners, including IPO,RTO and create a shell to listing. Different corporation should according to own situation chooses one or several manners to listing in the foreign market.The seventh part is other questions in overseas listing, the time of listing and risks in listing are also important to the corporation. This part mainly analysis how to catch the chance of listing and avoid the risk.The eighth part is through the analyses of P. A. insurance co. LTD, analyses the effect of the listing.The ninth part is the conclusion and limitation of the article. We consider that through listing, the enterprise not only get a lot of capital , but also change the thinking , more regrad the risk of capital, promote the improvements of corporation government. The benefits of foreign listing may depend on the choice of listing location. Because getting the corporation' s accounting data is difficult, so this article doesn' t research each company' s effect of the cost of capital, caused the article to stay behind glimmer of regret.