Analysis On Risk Control Of Backdoor Li Sted Enterprises In Private Enterprises

With the constant improvement of China's securities market,the stock of the current value is increasingly highlighted,greatly stimulated the enthusiasm of the shareholders of a company listed on the company.At the end of 2008,the financial tsunami swept the world,countries IPO market emergency brake.In November of the same year,Premier Wen Jiabao put forward by means of mergers and acquisitions integration industry,deal with the crisis;in December the state Council promulgated the "national gold thirty",the acquisition of loans as innovations;then,the CBRC issued the "guidelines for credit risk management of commercial banks' Mergers and acquisitions,and guide financial institutions in the acquisition of loans on scientific innovation,to meet the needs of enterprises and market the growing demand for reasonable financing.IPO market cold and the acquisition of listed companies the situation is excellent,the door in the capital market waiting for private enterprises have to give up the IPO plan to backdoor listing in capital market.Due to the strict conditions of IPO,the early restructuring,coaching period is longer,and issuing process is strongly influenced by policy,therefore,some companies will choose backdoor listings way to achieve the purpose of the listed company's shares.In recent years,our country has quite a few enterprises to adopt indirect implementation listed backdoor way,especially in the reform and opening up in the growing private enterprises restructuring listed companies have,both success and failure.Enterprises backdoor listings become a hot topic,in the securities market received unprecedented attention.In order to improve the financing capacity and their capacity to solve the problem of financing and other issues in the development,some domestic and foreign private enterprises adopted a backdoor listing of capital market approach to broaden the financing channels for enterprises.However,there is a certain risk of backdoor listing exists.Here the author employs Jin Pu Group's backdoor listing risk control case analysis for example to analyze the risk of its listing,including the control of the company's risk,integration risk,financial risk after listing.Besides,the author puts forward effective risk aversion for a variety of risks.Only to strengthen the risk control ability,establishing the correct backdoor listing concept and effective operation after the reorganization,make full use of the shell resources,enterprises will maximize the value of shell resources.