Domestic Enterprises Overseas-made Shell Listed On The Legal And Regulatory Analysis

Recent years, many Chinese enterprises established off-shore companies, then return to purchase domestic capital or right and interest, through which they realized the overseas indirect listing. Although the enterprises raised a lot of finance, such way has brought many troubles.Chapter One, the article analyzed the concept of overseas indirect listing. Then introduced the history development and patterns, leading the main pattern—"overseas backdoor listing".Chapter Two, the article analyzed the motive and aftereffects of overseas backdoor listing, in which discussed the capital raising, equity incentive plan and the other factors. The same time, analyzed the troubles caused by overseas backdoor listing.Chapter Three, introduced the actuality of legal supervision on overseas backdoor listing. From the foundational regulation theory, analyzed the domestic current regulations and its defects.Chapter Four, the author proposed the domestic new supervision advice based above parts. This part discussed from six aspects.Chapter Five, the article focused on the fifth part to strengthen bilateral and multilateral cooperation and coordination on international regulations. The article introduced a variety of forms and actuality and importance of international supervision. Besides, proposed the strategies and recommendations to continuing strengthening international supervision cooperation.