Foreign Enterprises Within The Territory Of The Ipo Regulatory System Research

China’s securities market is speeding up the development of domestic securities markets’internationalization aimed at pursing international financial power and improving capital market’s international competition abilities. Under this circumstance, Shanghai Stock Exchange decided to attract foreign enterprises to issue and list stocks in domestic capital markets, and has been actively preparing an "International Board" for foreign stocks’trading. There are some indications that China’s "international board" already is coming.This thesis overviews the background, basis and vital meaning of the international board and the listing system for abroad enterprise, and then introduces the development of overseas "international board". After the analysis of the main "international board" market, the author introduces securities regulation. Finally, the author gives some views and recommendations about china "international board" market. Apart from the introduction and conclusion parts, this thesis is composed of main4chapters.Chapter One:Overview of the basic problem of the "International Board". This chapter attempts to introduce the basic system of the International Board, as well as the development path, the launch time.Chapter Two:"International Board" of The United States Securities Market and Taiwan Securities Market. This chapter focuses on the United States and Taiwan’s capital markets "International Board", in order to take into account the particularity of China’s capital market, to learn from the successful experience of the United States, as well as failures.Chapter Three:Regulation of "international board". This thesis analysis IPO subject market access system、IPO audit system、information disclosure and so on.Chapter Four:Legal advices for improvement of the regulation system of China "international board" based on the previous analysis and experiences of other foreign regions.In summary, it is necessity to regulate China "international board", the author will continue to absorb the views of community on securities regulation in China and provide proposals for improvement of supervision in China in accordance with the advancement of the International Board.