The Study On The Motivation And Path Of Chinese Concept Stocks Returning To A-shares

With the vigorous development of the last century the Internet wave,several generations of domestic Internet companies are respectively through our own era,and many in their golden age of the Internet companies are chose us listings,portal age represents a sina,sohu and netease,and the late domestic several big leading game companies have also commit to financing,that there is no lack of among them Perfect World,Shengda,Giant Interactive such well-known enterprises.In the early years,these leading companies in various industries chose to go abroad for various reasons,such as VIE structure and domestic listing audit system.Overseas in recent years,the third party agencies deliberately do air shall share the phenomenon of more and more frequent,caused by cultural differences in the overseas research institutions are not to know this is the company's business model,and A large number of small and medium-sized shareholders' collective action in making these almost exhausted,and this has given rise to the idea of these companies want to return to A shares,but on the other hand a thriving domestic capital market,as a result of these Internet companies in the A-share listed overseas,are rare breed,so some in the industry are not as good as the overseas listed companies of the A-share mark got higher market valuation.This is more firm in these domestic leading Internet delisting return to the idea.Then,in 2014 to 2015 the wave of A shares during the bull market,we will find many us-listed Chinese stocks have issued an offer,but even after the success of the privatization,want to return to A shares,still need to dismantle the VIE structure,respond to regulatory approval,A shell or IPO,and so on procedure,so the opportunity and the challenge is still coexist.Based on the domestic media industry's leading listed companies Perfect World as the research object,the privatization delisted from the United States,the demolition of the VIE structure,the backdoor return to A shares overall path for detailed analysis,to back a peep at the industry leaders in the game company agent and route choice,with the help of the typical company not typical cases,in order to give others some reference and reminder,expecting to provide some back to A high quality company for the future reference.