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Normative Analysis Before Listing M Company In Hong Kong

Posted on:2013-06-23Degree:MasterType:Thesis
Country:ChinaCandidate:X H XiFull Text:PDF
GTID:2249330362967848Subject:Senior Business Administration
Abstract/Summary:PDF Full Text Request
In recent years, Hong Kong stock market as the nearest overseas market tomainland China has become an important platform for Chinese companies seekingoverseas listing and docking the international capital. In the past11years, Hong Konghas succeeded in financing for280mainland enterprises reaching880billion HongKong dollars. At present, the mainland-registered companies (H shares), and red-chipcompanies to which the mainland is the main source of income account for nearly60%of the total market value. The market performance increasingly correlates to themainland economy and securities markets. Further as a global financial market, withthe characteristic of stable transaction valuation system, extensive trading tools anddiversified funding sources, the Hong Kong stock becomes the largest global fundraising market for many years and thus attracts more and more overseas funds. TheHong Kong stock market will also become an important medium of the Chineseinstitutional investors and high-wealth crowd of global asset allocation.M Company intends to seek listing in Hong Kong, so a series of normativeanalysis of listing in Hong Kong is bound to advance. This paper systematicallyenumerates the advantages of domestic and overseas listing, especially the benefits oflisting in Hong Kong combining the situation of M company, which includes thegeneral situation of Hong Kong stock market, IPO of domestic enterprises in HongKong, backdoor listing, merger, acquisition and financing, securities market financinginstruments and other fields. Besides it introduces the requirements and process ofMainland enterprises listing in Hong Kong, specific operation of financingrestructuring in detail, analyzes various costs involved and the problems that need tobe paid attention and expatiates the relevant provisions of China’s domesticenterprises listing overseas and the current general valuation method. Finally, it makeconclusions of listing ways of M company, financing instruments, mergers andacquisitions strategy and the company valuation.
Keywords/Search Tags:listing, overseas listing, listing in Hong Kong, backdoorlisting
PDF Full Text Request
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