Research On Motivation And Impact Of China’s Concept Stock Privitization In US Stock Market With Jumei As The Example

Since 2010,the overseas-listed Chinese companies have been suffering a crisis of confidence,which set off a wave of privatization of China concept stocks.By the end of 2016,a total of 167 overseas-listed Chinese companies announced the privatization of delisting,including some benchmarking enterprises of the industry.The total amount of transaction is up to $ 46.6 billion.Capital markets like a siege.Why there will be overseas-listed Chinese companies inside,which success to list after much hard work,yearning for going out,while enterprises outside want to go in ? How should our government,enterprises and intermediary organizations address it? This question is worth exploring.Therefore,I decided to study the issue of privatization of China concept stocks.I will focus on analyzing its motivation and development bottlenecks,in order to promote the sustained and healthy development of overseas-listed Chinese companies and contribute to perfect the capital market of our country.This paper is divided into five parts.The first part is the introduction,describing the research background,significance,the innovation and defect of the paper.The second part is the literature review and theoretical basis and background of listing overseas of China concept stocks;The third part is case introduction.The fourth part is the case analysis,Part fifth puts forward the coping strategies from the perspective of the listed companies,regulators and the agency.Privatization delisting is rare in our country.The main contribution of this paper is that it have made a comprehensive study of the going private of overseas-listed Chinese companies.At present,there are a lot of foreign literature on privatization delisting overseas,but few of them are specifically study China concept stocks.And the experience of mature capital markets is not necessarily applicable to our country.Domestically,most are news reports systematic study on the privatization delisting of China concept stocks.This paper starts from the motivation of Chinese companies on listing overseas,then analyzes the phenomenon of the wave of privatization delisting and their motives.Finally,making recommendations.from the perspective of business,government and intermediary institutions respectively.