Research On Motivation And Effect Of China Concept Stocks Returning

Due to factors such as the high maintenance cost in overseas market and the high valuation in the domestic market,the US-listed China concept stocks gradually showed signs of return since 2010.By 2015,the return of these stocks has formed an upsurge.In 2016,CSRC promulgated “the strictest rule for backdoor listing in history” to cool speculation in the market.Relevant comments also pointed to the trend of tightening the return of China concept stocks.In November 2017,the spokesperson of CSRC Gao Li stated that the commission will focus on supporting high-quality overseas listed China concept enterprises with a certain scale to participate in A-share M&A.It seems to have brought a turning point to the event.The trend of China concept stocks returning seems to have returned to the peak.Based on this background,this thesis elaborates systematically the process of the first successful returning case to analyze the motivation and effect of China concept stocks returning.This paper draws the following conclusions: The motivation of the Focus Media returning is mainly reflected in the high cost of maintenance and the huge income of returning;This event shows positive performances in short-term market indicators as well as long-term financial indicators and value indicators.