Analysis On Shell Qualification Value Of Listed Companies In China

Accompany with the fast growth ofthe Chinese capital market,Chinese stock market has become an important capital market around the world.Stock market bring a lot of benefits to the enterprise,Increase in corporate reputation and brand value,reducing the financing costs of enterprises,Enhance the strategic platform for enterprises.But when people use the Western common estimate Value method such as Dividend Discount Model(DDM)or Discounted Cash Flow(DCF)to assess the stock price of Chinesestock shares.It is always absurd.So there are a lot of voice that Chinesestock macket is invalid.I believe that it is result that ignore the value of Chinese stock shellresources.It is bornfromthe national conditions and special historical stage.Shell resource price is a very complex issue,there have been numerous theoretical studies for them.but so far has not been able to form a clear theoretical system of value assessment.On the one hand,because the value of shell resources is greatly influenced by the policy of regulators,the policy reforms of regulators are very frequent,which makes the work of quantifying shell resources less targeted.On the other hand,Chinesecapital market history is short.Still a development and improvement market.For a long time,the policy will continue to adjust.Shell resources can only be said that itisthe product of this stage.This article uses the following to define the Shell Resources Shell companiesandShell resource prices and backdoor listing process.Compare IPO with the Backdoor Listing.Introduce the arbitrage space.Analysis the external and internal factors influencing the price of shell resources,and the complete backdoor process is analyzed by examples.And at the final stage through the current hierarchical construction progress of the Chinese asset market to discuss the future of the shell resource value.The difference of this paper is that the case that SanLian Commercia lCorporation(600898)and the Shanghai Chaori Solar Energy Science&Technology Co.,Ltd(002506)areactually involved in the investment.And gain a lot fromit.IT can be regarded as the actual combat with the actual operation.And through the continuous analysis of this article.These concepts are more clear.