The Creation Of An International Board Legal Issues

The thesis overviews the background, basis and vital meaning of the international board and the listing system for abroad enterprise, and then gives a definition to international board, after the analysis of how to choose the right listing main body. And then, two ways of setting up international board are compared. At last, as to the problems facing with the international board, the thesis makes some proposals for the system setup. The first part of the thesis overviews the background, basis and meaning of the setup of the international board. The second part of the thesis discusses the definition and contents of the international board, including how to choose international board listing main body, and with such discussion, gives a specific definition to the international board. The third part overviews the listing system for abroad enterprise of Hong Kong and America. As the basis of the discussion how to establish a rational international board in the next part, a proposal, which advises to set up a separate board where abroad enterprise lists, and separate the world into several jurisdictions to widen the scope of the listing main body step by step, is concluded out of the experience of Hong Kong and America, on the basis of the unique of the Chinese capital market. In the fourth part of the thesis, two models of setting up international board, the IPO model and the CDR model, are compared, which indicates that the IPO model is the best way for the international board. After the feasibility analysis of the IPO model, the thesis makes a conclusion that IPO model does not go back with the legal system of our country. At last, the forth part of the thesis discusses analyses the main problems facing with the international board---IPO model, and based on such discussion and analysis, makes some proposals to the aforesaid problems.As mentioned above, a international board should be set up to establish the listing system for abroad enterprises; IPO is the best way for abroad enterprises listing in China through international board; On the basis of the current situation and drawing lessons from the experience of USA and Hongkong, the problems facing with the international board should be resolved by a rational international board legal system, which founds a strong basis for the efficient and rational execution.