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The Overseas Listing Of Chinese Enterprises

Posted on:2007-10-10Degree:MasterType:Thesis
Country:ChinaCandidate:Y J JiangFull Text:PDF
GTID:2209360185460308Subject:Accounting
Abstract/Summary:PDF Full Text Request
Beginning from Tsingtao beer was listed in Hong Kong in 1993, Chinese enterprise's cross-border listing , have passed by course for thirteen years already, and its scale and tempo demonstrate the situation that is expanding constantly. As for a great deal of Chinese enterprise, development with a high speed and funds are badly needed, the overseas security market,with its huge financing scale , normal operation , shorter listing cycle and relatively low listing requirement of market become the ideal financing place of our enterprises , attracting more and more enterprises. In addition, under the background of China accession to the WTO, domestic market opening to the outside world, the gradually integrated international economy, some monopoly enterprise ugly need go out as soon as possible and accumulate internationalized experience, in the hope of expanding international influence, promoting the international competitiveness. The overseas security market has offered the broad stage for these companies. Although the tide of overseas listing is surging, being in the ascendant, for the medium-and-large-sized state-owned enterprise and growing medium and small private enterprises, the road is uneven. In this process, we witness limitless scene of"China concept", and also, the miserable situation that the issue price fell on list. Twice Issue of china national offshore oil corp., the speculation failure of china aviation oil corp., audit disturbance of china life insurance Company, Eurasia agricultural event, skyworth incident, etc., this made Chinese enterprise linking with irregularities and risks for a long time. How to draw the lessons from numerous problems? Which questions should we pay attention to while listed or to be listed? How to arrange overseas IPOs properly? It is worth for us to study and think conscientiously.For Chinese enterprise, overseas listing is not only financing behavior, but also the way to understand market rule and incorporate international standard. Against domestic enterprise being to list abroad, our country has...
Keywords/Search Tags:cross-border listing, corporate governance, information disclosure, direct listing
PDF Full Text Request
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