Shoe Enterprises, What Preparations Should Be Made For Listing?

At the beginning of this month, the Jinjiang Jinjiang round table forum, which was sponsored by our newspaper, was also one of the most concerned topics of the enterprises in Hong Kong.

In the next few days, Yang Gang, vice president of the Peking University Private Economy Research Institute, visited many enterprises in Jinjiang.

In the face of many doubts about the listing of Jinjiang enterprises, Yang Gang, who is experienced in capital operation, gave a good reminder. Before the listing of enterprises, the purpose must be clear, and inadequate preparation is the biggest listing trap.

The traditional industry is not suitable for listing in the United States. In an interview with reporters, Yang Yang said that the purpose of listing is well, and listing is another big problem.

For example, a high-tech enterprise or IT enterprise listing in the United States may be a better choice.

Because relatively speaking, the United States is a place where high-tech enterprises are concentrated. Its P / E ratio is very good and can be priced at a very good price.

On the issue of choosing the place of listing, enterprises will often be influenced by securities companies. Yang Gang believes that brokers should not intervene too early, because securities companies may be misleading.

Intermediaries may be familiar with Singapore and recommend listing in Singapore. They are familiar with the US stock market and recommend the US instead of standing in the perspective of an enterprise.

However, the listing will involve a series of intermediaries, such as accounting, lawyers, auditing, consulting services, and finally to investment banks.

For example, if an accountant firm first joins, it may recommend a broker to the enterprise, but this is not the case.

Therefore, in the process of preparing for the listing of enterprises, it is best to make suggestions for the third parties that have nothing to do with the interests of the intermediary agencies. The government is a good third party organization.

Most industries in Jinjiang are traditional industries.

Yang Gang said, for example, Jinjiang's clothing enterprises are not suitable for listing in the United States, because its technology content is not high. American investors believe that Chinese textile and clothing are restricted by quotas, and the future growth space and profitability will be questioned.

"By contrast, these doubts may not exist in the stock market of Hongkong or Shenzhen and Shanghai.

Because of the understanding of domestic industry and brand effect, garment enterprises are more recognized in China.

But traditional industries with technological content may also gain favor in the US.

For example, in the food industry, with technology content and biotechnology, the bright spot of technology can be better accepted by the target capital market, and such enterprises can choose to go public in the US.

Yang Gangru said.

After listing, we must concentrate on the "main industry". Yang Yang reminds us that building a healthy "Jinjiang plate" must first combine with the local economic development strategy, specifically involving the development of local industrial structure, and corresponding to the regional industrial structure.

There are two key elements: industrial clusters and leading enterprises.

Leading enterprises listing will lead to supporting the listing of industrial enterprises, and then promote the development of local industrial economy.

However, it is not the number of listed companies that need to be paid attention to, but the quality of Jinjiang listed sector should be used to pry up industrial upgrading. Otherwise, simply pursuing the quantity of listing will affect the quality.

Yang Gang further explained that assuming that the leading enterprises have not yet been listed, so that the second and third tier enterprises will be listed, and the funds to be first listed will be invested in real estate instead of being invested in the industry. This will have an adverse impact on the industry. Therefore, the listing should be divided into two stages.

Leading enterprises must return to the main industry if they go public, otherwise their quality will decline.

However, some domestic listed companies are short acting very seriously.

Strategic awareness is very weak. Both state-owned enterprises and private enterprises have a special interest in short-term interests.

As long as we can make money, we are willing to set foot in any field and dare to set foot in any field. Today we are going to operate real estate and engage in trade tomorrow. In short, people can not see what is the main business and what is the leading product.

Such a company has an obvious nature of speculation and adventurous nature, and its prospects for development are unpredictable.