On The Legal Supervision Of VIE Model

At present,our country's market economy has developed rapidly,especially the development of capital market gradually go abroad,and overseas capital market increasingly interlinked,influenced by international market.VIE model is the current our country enterprise in one of the types of indirect overseas listing,under the mode of the VIE,many small and medium-sized enterprises and information technology,such as the Internet enterprise obtained fast development,this is also the cause of the VIE model well-respected.In addition,another important reason for the existence of the VIE model is that China adopts restrictive measures to restrict the investment of foreign enterprises in certain industries.For this reason,overseas enterprises can effectively avoid these restrictions through the VIE model.In addition,under the VIE model,many enterprises have obtained a large amount of financing,which has promoted the enterprise to the international capital market.Like China's familiar BAT,the three companies are also the opportunity to raise funds from foreign investors through the VIE model.Although the VIE model itself has many advantages,we cannot ignore the shortcomings of the model itself.Due to the imperfect regulatory system of the VIE model in our country,the VIE model in foreign investment has great instability.Reviews the VIE model of regulation in China it is not hard to find,at present,the regulation of the VIE patterns are still an ambiguous attitude,the main cause of the emergence of this phenomenon is the lack of a unified and perfect laws and regulations.This also makes the VIE model in the real world prone to the situation of performance breach,which greatly disturbs the order of China's capital market.Therefore,it is not difficult to see that the regulation of China's regulatory authorities to regulate the VIE model scientifically and reasonably is the general trend.So this article from the concept of the VIE structure characteristics,and regulation about the VIE model for the current our country law system is analyzed,and analyzes the current legal regulation exists deficiency,in addition,through to the western developed countries theUnited States and China's Hong Kong special administrative region of the VIE structure of the company's regulation practice experience for China's regulation of the VIE model for relevant inspiration.Finally,the author combines the current development trend of the current VIE structure regulation in China.