The Analysis Of The Whole Listing Case Of Lao Fengxiang

Listed companies or unlisted companies separate some of their businesses from th eir parent companies separately which is spining off.Due to the underdeveloped cap ital market in our country in the early days.And the approval system and quota syste m used in China’s stock market in the early days led to the adoption of a separate lis ting of most state-owned enterprises in China.with the development of China’s econo my and the capitalist market,The drawbacks of the spin-off are becoming more and more obvious.such as the listed company guarantees it’s parent company’s debt illegall y,the controlling shareholders seize the listed company’s benefit through the related tra nsactions.All the behaviors damages theminor shareholder’s benefit severely.In this cas e,the whole listing is active.The group company uses the listed company of the hol ding company to realize the listing of all or the main operating assets of the parent c ompany by absorbing the merger or reorganization of assets which is the overall listin g.In this way,it not only relives the drawbacks of the listing,but also optimizes the effective integration of the industrial chain and the ownership structure between the p arent company and its subsidiaries.After the top policy of soe reform in 2010,The introduction of central guidance documents and the implementation of local policies in 2016,The top-down implementation of the asset securitization rate of sasac is still the biggest driving force of soe reform.Therefore,from the point of the reform of state-owned enterprises to realize path,state assets supervision and administration commission of its listed companies using their own platform to realize overall listing,all conform to the state assets supervision and administration commission,company management,the three of the listed company’s profit maximization.Because of this,the importance of research and analysis on the whole listing is highlighted.List on the stock selection in this paper,the old phoenix as a case,this paper analyses the old phoenix,the performance of listed companies before and after change as a whole to reach appropriate conclusions and recommendations,as the old phoenix and other companies to provide the reference model and using for reference.In this paper,the whole listing of Lao fengxiang is studied.This paper will relate and analyze the background,motivation,performance and results of the Lao fengxiang’s overall listing.The first part(introduction)will briefly introduces the background and significance of this research,as well as the current status of the whole listing research;The second part is the basic overview,motivation and performance of overall listing;The third part is detail analysis of the general listing of the Lao fengxaing;The fourth part is mainly about its overall effect analysis,from the view of the short-term market reaction,long-term market reaction,short-term financial performance and long-term financial performance trend;The final part is the conclusion and suggestions.