Comparative Analysis Of Chinese Internet Company Listed On The NYSE And NASDAQ

Domestic capital market is less mature, and have rather strict listing requirements. So that many companies transfer targets to oversea capital market. Internet companies are no exception. As the capital and financial center of the world, the American securities market have mature, standardized and diverse operation mode compared with other international securities market, with mature, which can provide a more relaxed market environment to the small size companies which started late, so more and more Chinese Internet companies began using different ways in the U.S. stock market into the capital to meet the needs of their own development. Currently only New York, the United States and the Nasdaq stock market in the United States accept the application for listing companiesoutside the United States. Because the majority of Chinese Internet companiesare new enterprises, and its size and assets do not fully meet the conditions listed on the American stock exchange, so Chinese Internet companies mostly choose to list on NASDAQ or NYSE, this subject is mainly to compare the Chinese Internet companies listed on the NYSE or NASDAQ.In this paper, I have done a comparative analysis of the Chinese capital market,US trade market and the New York stock exchange market, in order tosee the market conditions and the advantages and disadvantages of the trading market more clearly. And focused on financial statements analysis of China Internet Corporation listed on the New York Stock Exchange and the NASDAQ, in order to come to different locations on the company’s business, development and other aspects of the impact, for more Chinese Internet companies to choose the appropriate securities and exchange market to provide strategic advice.Among them, three to the six chapter of the main part of this paper. The third chapter is the theoretical analysis of China’s Internet companies listed on the site selection, the Sino US trade market and the New York stock exchange market to carry out a comparative analysis of the Sino US securities exchange market in order to analyze Chinese Internet companies listed on the US. Including the listing conditions, advantages and limitations of the review procedures and comparison, also summarizes the Chinese Internet companies listed on the initiative and passive. The fourth chapter analyzes the financial statements of listed China Internet Corporation and China Internet Corporation listed on the NYSE. First, the trend analysis of the listed company’s assets and liabilities, profit and earnings per share of the listed companies on the NASDAQ and the NYSE listed companies, in-depth analysis of the impact of different locations on the company’s management, development and other aspects. Secondly, this paper complements NASDAQ listed Netease, Sina, Sohu and button hands in place to appear on the market the Qihoo 360, Youku, E-House China six company related data analysis, further is listed on NASDAQ and NYSE listed the differences. The two chapter gives the countermeasures and suggestions of the overseas listing of the China Internet Corporation from fifth aspects of the enterprise and regulatory authorities. From the perspective of the enterprise, China’s Internet companies listed on the eve of the need to have a clear financial needs and the use of funds raised; should be clear about their own profit model. From the point of view of the regulatory authorities, the authorities should strengthen the effective system to ensure that the Internet companies are not suitable for overseas listing of the passive choice of overseas listing suffered; the development of a market segment, while practicing and improving the delisting mechanism for the Internet companies to choose the listing place to provide space. The sixth chapter is the China Internet Corporation listed on the NYSE and NASDAQ listed on the summary analysis. The conclusion is that the Baidu Inc overseas listing is a very successful case, the full use and play the superiority of the NASDAQ listed. When the financial indicators of the listing of the New York Stock Exchange is a failure case. The failure is due to the high cost of the New York Stock Exchange, investment and cultural differences also increased the difficulty of its listing. Through the six companies of supplemental data analysis, found in the NASDAQ listed companies generally showed the financial crisis better adaptability and regulatory, good financial indicators on the overall performance listed on the stock exchange of the company, therefore, the NASDAQ is more suitable to the domestic Internet enterprises overseas listing. But whether it is on the NASDAQ or NYSE, are unable to avoid the high cost of listing and maintenance, and thus the higher the profit requirements of listed companies.