Analysis Of The Impact Of Shengjing Bank Listing In Hongkong

Listing is the initial public offering (IPO), which is a process that enterprises aiming at raising funds from public investors by offering shares for the first time in the stock exchanges. For Chinese enterprises, listing is divided into list in Shanghai Stock Exchange and Shenzhen Stock Exchange. The overseas stock exchanges are including:the New York Stock Exchange, Nasdaq Stock Exchange, Hong Kong Stock Exchange,and the Stock Exchange of Singapore, and so on. The phenomenon of listing is not strange to the enterprises in our country, many enterprises view listing as a process of deeper pursuit of enterprises development.Corresponding to listing domestic, overseas listing refers to the domestic enterprises issue stocks to overseas investors, while listed in overseas stock exchanges. Compared to listing domestic, the reason why overseas listing are favored by major enterprises because of its easier listing procedures, the high maturity of the overseas market, the finance amount of listing abroad is considerable,and it can also bring enterprises a good reputation,etc. Since 1993, the successful case of Tsingtao Beer listed in Hong Kong,the speed of Chinese enterprises listing overseas have gradually accelerated.This paper introduce Shengjing Bank listed in Hong Kong, analysis its development process,the ownership structure, and the change of its management, analysis its performance after listing. By analyzing its financing effect, the stock price changes, as well as the financial indicators,then find out the advantages and disadvantages of listing event. Then gives suggestions to the Chinese enterprises.The article is divided into five parts: in the first part, introducing the overall situation of listing overseas; the second part combined the case of Shengjing Bank,analysis its listing reasons, and the situation after listing; the third part is financial performance analyzing after listing; The forth part is the effects analysis of listing in Hong Kong; the fifth part is the suggestions to Chinese enterprises.