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For Most Companies, Domestic Listing Has More Advantages Than Disadvantages.

2011/7/19 14:56:00 61

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Advantages And Disadvantages Of Domestic Listing

stone lion

At present, 7 listed companies are listed overseas, and many of the 50 listed listed companies are aiming at offshore capital markets.

How to choose Shishi enterprises?

This is a very tangled problem.

Not long ago, Zhou Qin ye, deputy general manager of Shanghai stock exchange, gave a very clear answer: listing in China has more advantages than disadvantages.

Zhou Qin Ye gave this answer when he was invited to hold a lecture in Quanzhou.

It is reported that there are more than 60 listed companies in Quanzhou, of which less than 20% are listed in the domestic capital market, and the rest are listed in overseas capital markets such as China, Hongkong, Korea, Malaysia, Singapore, the United States, Australia and Germany, while more than 20 are listed on the Hongkong stock exchange, which is a unique phenomenon in Quanzhou.

Zhou Qin said that Quanzhou enterprises are keen on overseas listing, not least because they think that the threshold for listing overseas is low, the process is short, and the speed is fast. In fact, the disadvantages of overseas listing are also obvious.

He said, "all along,

Abroad

The choice of path is that the scale and issuing price of one-time financing are low.

At present, the PE multiplier in overseas markets is basically between 4~10 times, or even lower than that in the private placement stage of the domestic market, let alone the difference between the first 25 years and the first time in the domestic market.

Generally speaking, listing in China is more familiar with the situation. It has a better understanding of relevant laws and regulations and rules of the game, cultural background, low cost of listing and location advantages. The main products and markets in domestic enterprises are easy to get investors' approval, and the advertising effect is obvious.

After the abolition of the one year guidance period and the completion of the split share structure reform, the long and full circulation problem has also been solved.

Therefore, for most enterprises, listing in China has more advantages than disadvantages.

Zhou stressed that some enterprises thought that listing in China was too difficult. In fact, the domestic capital market developed very fast in recent years. At present, the Shanghai Stock Exchange has become the sixth largest in the world.

Negotiable securities

Exchange.

Enterprises that choose to list in China can say that they have the advantage of time and place:

First, we are more familiar with the way of China's capital market operation, and are more familiar with relevant laws, regulations and regulatory measures. It is conducive to the control of China's capital market and will not suffer meaningless losses because of its unfamiliarity with the rules of capital market operation.

Secondly, the cost of domestic listing is lower than the cost of overseas listing, especially the low maintenance cost, which is conducive to the cost of listing.

Thirdly, there is no obstacle to language communication in domestic listing. It is easy and convenient for investors to communicate with investors in the capital market. It also helps to increase domestic investors' understanding of enterprises and enhance investment confidence, so that enterprises can gain a high degree of cognition in the domestic capital market, so that the financing of Listed Companies in the capital market can be more quickly recognized by investors.