The China Stock Exchange Dismantled The Practice And Supervision Of The VIE Structure Returning To A Shares

Since 2014, Chinese capital market has a blowout, the prosperity of the capital market and government policy guidance is closely related to the relevant laws. Alibaba listed in America compared with Storm Technology to dismantle the vie structure and return to the domestic A-share IPO, from the issue price of ?7.14 soared to more than ?200, price earnings ratio as high as several hundred times. January 2015, the Ministry of Commerce released the foreign investment law(Draft) ", the introduction of the" actual control"standard.The VIE structure will be influenced and it shows government for cross-border capital flow regulation trend and direction. The prosperity of the domestic capital market and the trend of policy guidance led to a number of stocks have had to return to A shares of the program. However, takes stock in what way to return to A shares? In particular, how to take the practice of dismantling the VIE architecture to return?This paper firstly discusses the concept stocks enterprises regression legal issues that may be encountered in the A-share market dynamics, regression, regression process. Further on in the present legal environment concept stocks take demolition vie structure regression A shares during and after the return of the government to take regulatory measures are analysed and summarized, and puts forward some feasible suggestions.Through the research, first solve the confusion: concept stocks why take vie agreements control mode of overseas listing, and why return to A-share market, the deeper reason is what,concept stocks should be how to return to a shares, in regression and regression of legal supervision control measures will be like; secondly, to maintain capital market flexibility and active principles, security concept stocks return to stable, legal and regulatory measures and construction will be a heavy, this to improve China's capital market system, to promote the internationalization of the capital market, it has important significance for domestic and foreign capital flow.