The Study Of Risk Control Abaout China’s Private Enterprises Overseas Back Door Listing

In the end of2010, the U.S. Securities and Exchange Commission launched a large scalesurvey of Chinese companies listed in its territory. The survey focus on the backdoor listing ofChinese enterprises,followed by Chinese stocks suffered an unprecedented crisis ofconfidence. Overseas backdoor listing issues brought to the cusp. Overseas backdoor listingcan bring a lot of funding opportunities to China’s private enterprises, but also accompaniedby risks and problems. Under the situation of China-related stocks suffered the unprecedentedcrisis of confidence. How to solve problems and resolve risks has become the key toguarantee listed for China’s private enterprises in overseas backdoor listing.At present, domestic scholars has studied the issues related to overseas listing of Chineseenterprises, also studied the problems of private enterprise backdoor listing. But studyspecifically for China’s private enterprises overseas backdoor listing risk control is less. Thisarticle firstly analyzes the plight of China’s private enterprises in domestic financing,describes the reasons of private enterprises overseas backdoor listing, describes the problemsencountered by the private enterprises in China in overseas backdoor listing and the potentialrisks. On this basis, This paper propose specific strategies to defuse the risk. In the process ofwriting this article, the author studied the domestic and foreign literature on overseasbackdoor listing, collected information of the rules and the status quo of China’s enterpriseslisted overseas, and from both the private enterprise network, the China Securities RegulatoryCommission official website website to browsed and organized the information of the statusof private enterprises and private enterprises listed. This paper uses a comparative analysis,analyzes the status and features of different capital market listed private enterprises at homeand abroad, derived the causes and risks faced by private enterprises in China to selectoverseas backdoor listing. On this basis, this paper proposes a specific strategy to resolve therisk. The specific content of this article includes the following seven parts: The first part--Introduction, described the topics of the background and significance and domestic andforeign scholars shell of private enterprise overseas listing of the status quo; The second part,from a comparative perspective of the financing environment at home and abroad, listed thereasons for China’s private enterprises overseas; The third part elaborated the prominent risksof China’s private enterprises overseas backdoor listing; The fourth part elaborated thecommon risks of China’s private enterprises overseas backdoor listing; The fifth chapter described in detail the strategy to resolve the risks of China’s private enterprises overseasbackdoor listing; On the basis of summing up the article, the last part Stress the privateenterprises should also focus on long-term development of the backdoor listing on the road,transform funding strategy into the overall development strategy.