Research On The Legal Regulation On Cross-border Listing Company Of China

Overseas listing， as a way of direct financing,can not only meet the financingrequirements of native enterprises,but also enhance popularity and social influences ofenterprises worldwide.From the macro perspective,overseas listing effectively promotes theeconomic situation of both home country and the listed place,stimulates capital flowsworldwide and activates global capital markets.Generally overseas listing could be manipulated directly or indirectly.Regardless oflisting patterns,listing operations should be governed by two countries or regions.To achievethe purpose of overseas financing,enterprises should grasp related legal regulations onoverseas listing by reasonable and lawful means.Considering China’s national interest,theessential factor of listing abroad lies in balancing economic progress and national economicsecurity,which requires the establishment and optimization of China’s laws and regulations.The thesis focuses on the legal supervision of overseas listing,and analyzes regulatingsystems in China and at abroad through classification and induction.Also suggestions arespecially proposed on the perfection of China’s related regulatory regime.In addition to the preface(CHAPTER ONE) and conclusion(CHAPTER SIX), thisthesis is sected into four parts:CHAPTER TWO briefly summarise overseas listing and its legal regulation. Theconcept,properities and general characteristics are introduced firstly;Followed by theelaboration of overseas listing patterns.;Then the motives of Chinese companies listedlisted;The development of Chinese enterprises listed abroad is also mentioned at last.CHAPTER THREE provides the analysis of the domestic legal regulation of overseaslisting.This chapter firstly introduces the problems existed in domestic securities market inChina,while listing abroad could avoid the disadvantages by comparison. Then the authorintroduces the specific content of the domestic legal regulation on overseas listing.CHAPTER FOUR introduces the legal regulatory practices of the main securitiesmarkets abroad,including South Korea, Japan, Hong Kong and the United States.The legal supervision of host market and the growth enterprise market,as well as the informationdisclosure requirements are specially elaborated.CHAPTER FIVE proposes the suggestions on legal supervision of overseas listing inChina.