The Research Of China Stocks In Overseas Markets

Since most domestic studies on Listing Reasons focus on regulation,this article intends to study both qualitative and quantitative features ofChina stocks using over40charts. This article:Overviewed20year history of overseas listing and regulation;Screened out12boards of5major overseas security markets tocompare the listing regulations;Manually figured out the study list with807China stock samples;Collected basic features (listing time, market, industry, IPO¤tprice), financial status (market value, profitability, liquidity, leverage),post-IPO growth (asset, revenue), return (dividend return, price return)and market attitude (PE ratio, price change relevance to ROE)The article concluded that the historical limit of domestic market andflexible regulation of overseas market contributed as the reasons ofoverseas listing. Stock price of samples did not present obviousrelevance. Thus enterprises should take prudent consideration ofoverseas listing, and continuously make improvement if the decide to gooverseas.