Research On Market Selection Of China’s Private Enterprises Listing And Inancing Overseas

The party’s eighteen sessions strengthened the reform of the relationship between the government and the market, put forward the market economy in the allocation of resources to the decisive role, emphasizing the importance of non-public economy, reflecting the state of its importance to improve the level of the importance. Since the reform and opening up,China’s non-public sectors of the economy has developed such quickly as bamboo shoots after a spring rain, such as Alibaba, Jingdong mall, Tencent leading global private enterprises have sprung up, the rapid development of these technology Chinese companies listed in overseas capital market, raise operating funds and improve the visibility of the company, the company has gradually become the consensus of many. However, due to the difference of domestic and foreign capital market in the financial, accounting and other aspects of the system, the information asymmetry between enterprises and overseas investors and increase the risk of the enterprise stock is undervalued, so as to make the enterprise’s listing plan can not reach the initial purpose of financing. So this paper put forward that Chinese enterprises need to do in-depth study before appear on the market, combining with the enterprise’s development strategy, try to choose a sound regulatory system, market mechanism of mature overseas markets, to reduce the non risk factors which contributed to the company.This article uses the literature research method, comparative analysis method and empirical research method. The mentality is proposed problems, find the problem, solves the question and the article is divided into six chapters. The first chapter mainly research status at home and abroad, the present study for capital market to choose the confined to one or a regional market, analysis for the transverse comparison is less, this paper makes a comparative analysis of the capital market from multiple angles for the overseas market,private enterprises choice has very important practical significance; The second chapter studies basic theory of overseas financing and the principles of location selection, through the comparative analysis of various financing mode, draw the advantage of overseas direct financing that is large amount of financing, play a role of brand publicity for the enterprises;the third chapter analyzes the current situation of China’s overseas listed selection, at present more concentrated listed in Nasdaq, the Hong kong venture American Singapore board and gem, and showed a rising trend year by year; The fourth chapter, from two angles of enterprises and capital market interpretation of the overseas list financing market selection principles; the fifth chapter concludes our private enterprises listed financing location choice factors that should be considered in combination with the Alibaba financing case, the conclusion of this research is that Chinese private enterprises should strengthen the overseas capital market understanding, base on their the strategic development goals, make full use of overseas financing channels to meet the financing needs of the enterprise development; the sixth chapter puts forward the feasible proposal selection for our private enterprises overseas financing market, in the perspective of enterprises should be carefully chosen intermediaries,with their own overall development strategy, try to choose the listed in the product development, should play to the dynamic role of the relevant regulatory authority in the angle of national policy, the exchange and cooperation of attention and overseas capital market,providing a good external environment for the overseas financing of private enterprises in china.