Study On The Motivation,Path And Risk Of China Concept Stock Returning To A-share Market

Since the 1990s,with the development of the socialist market economic system in China,the demand for capital of Chinese enterprises has increased,and some enterprises have been listed overseas to raise funds.However,due to the malicious attack of short-selling institutions abroad and the low overseas valuation,Chinese stock companies have set off two large-scale privatization returns in 2010 and 2015,respectively.The process of privatization returning to A-share is complex and time-consuming.Most of the returned companies are still in the early stage of returning to A-share market.There are few studies on this phenomenon in China.This paper will systematically study the motivation,path and risk of returning to A-share market.This paper combines theoretical analysis with case study.Firstly,it analyses the motivation,regression method and the risks that may be faced in the process from privatization delisting to returning to A-share.Secondly,it introduces the regression scheme of privatization delisting and split listing in perfect world,and studies its regression motivation,strategy and feasibility.The risk we can face is analyzed.The particularity of the return of perfect world,the reasons for the success of the return,the short-term and long-term performance after the return are analyzed.Through this study,the following conclusions are drawn:(1)the returned Chinese stock outline enterprises should have connotative value,and the Chinese stock outline enterprises should rationally analyze whether they have the conditions for returning;(2)reasonable plans should be formulated before returning;(3)the return of Chinese stock outline should be flexible in choosing the listing plan;(4)the Chinese stock outline should do a good job in the layout of A shares in advance.Finally,combined with the problems existing in the process of the perfect world and other Chinese prospective stocks returning to A-share,this paper puts forward some policy suggestions from the two levels of enterprises and regulatory authorities to regulate the return of Chinese prospective stocks to A-share,hoping to provide some reference for the future return of Chinese prospective stocks.