| In 2014, Alibaba group listed on the the United States successfully, it was very excited, but there are still some problems which were worthy of our consideration, why the Alibaba listed on the United but not in China or in HK, so for the first part we will talk about the reasons why Alibaba list in the UnitedStates, but also it may face some risks, such as Alibaba’s partner system, the second part of this article will focus on the risks of alibaba, the third part of this paper will mainly give some suggestions to our stock market,This paper is divided into four parts:The first part is the introduction, introduces the background and significance of writing.The second part focuses on the reasons why Alibaba list in the United States, objectively speaking, it will not be listed in HongKong, because the partner system does not comply with the Hongkong Stock Exchange, secondly, there are many defects in our stock market, this paper will introduce the structure of VIE and the Partner system,finally,foreign institutions also promote the Alibaba to list in the United States.The third part will analyze some risks of Ali listed in the U.S., the first rist is the risk of Alibaba VIE mode include the legal and policy risk, business risk, the risk of moral, the second is the group litigation risk in the United States, this is a very important system in the United States, as long as it damages the interests of shareholders. The investors At any time may propose group action against the company, which is an important system for the protection of investors,which is also a risk.The fourth part will focus on enlightenment the Alibaba gives us,first of all, our country can also establish our own group litigation system and information disclosure system, then put forward the measures to improve the supervision to the vie structure, further liberalization of foreign control, let more foreign capital to enter the market to promote the development of China’s economy. |
PDF Full Text Request