Guo Shiliang: China Stock Exchange Is Eager To Complete Privatization Delisting

When it comes to the return of stocks, the biggest feeling for the market is that the road to return is rather bumpy.

In fact, in the past one or two years, with the continuous warming of the policy environment, many Chinese listed companies who have gone to the overseas market have announced the privatization process or the procedure of dismantling the variable interest entity VIE, trying to return to the capital market in the expected time.

In fact, a series of phenomena, such as the soaring share price of storm technology and the soaring price of cruise ships in the century, highlight that after the return of stocks, the enthusiasm of market enthusiasm can easily be aroused.

Perhaps, under the banner of "returnees", the stock market of some Chinese stock companies should be treated with high inflation.

However, standing in the perspective of the development of the stock companies themselves, it was one of the helpless measures to go overseas to go public at that time. In view of the relatively narrow financing channels in the domestic market, many enterprises were unable to obtain better financing methods.

However, with the continuous deepening of the impact of the previous stock market turmoil, combined with the capricious return of partial stock companies, it indirectly disturbed the rational investment environment of the market.

Among them, around the beginning of May this year, the news came out that "the SFC or the listed companies in China will be listed on the domestic market."

In the subsequent period, the SFC also responded to market rumors and conveyed the signal of "in-depth analysis of the possible impact of IPO on the stock market through the merger and reorganization of A".

Affected by this news, it also made a concussion on the stock price of the corresponding stocks in the short term, and the speculative capital returned to the backdoor in the big gamble was also shrunk by a certain market value.

However, as far as this incident is concerned, the most influential companies are those who have completed the privatization of delisting or are privatizing.

Obviously, in the environment of tighter policy environment and a slightly cautious management attitude, it will directly affect the regression process of such enterprises and even embarrass them in a dilemma.

At the same time, the domestic A share market has a high threshold for listing, and the problem of IPO dammed lake has not been fundamentally solved for a long time. This undoubtedly accelerated the pace of the urgent need for financing enterprises to go abroad to issue and go public.

However, over the years, for those Chinese stock companies who have gone overseas to list, facing the overseas mature market atmosphere, although the title of "overseas listing" will enhance their international influence more or less, but for a long time, the scale of financing is rather limited, which seriously affects the expansion and development space of enterprises.

In addition, in the light of the fairly stringent regulatory system in overseas mature markets and the long-term market environment with high violation costs, many Chinese stocks listed overseas have been under tremendous pressure.

As far as the enterprise is concerned, it is a heavy blow for an enterprise once it has been subjected to class action by investors or has been partially malicious by some international funds.

Sometimes, if the enterprise's own ability to resist risks is weak, or the coping ability of public opinion crisis is low, it is easy to destroy the brand that is difficult to develop.

Thus, under the background of a relaxed domestic market policy environment, combined with the widening of domestic financing channels, in fact, it is indeed a major positive for those stocks that have been tortured by overseas markets for a long time.

For enterprises, returning to the domestic capital market can not only enjoy the huge premium rate brought by the market speculation, but also greatly enhance the overall market value of the stock, and effectively shake off the pressure of high violation cost in the mature overseas market, which is also a dream for the enterprises themselves.

As a result, when the policy environment is slightly loose, it is found that many Chinese stock companies have completed their privatization delisting process, attempting to complete their goal of returning to the mainland market in the shortest possible time.

However, the phenomenon of stock speculation was staged in succession. After all, it was managed by the management to reexamine the stock return policy.

Perhaps China's stock return to mainland market is a major trend and direction, but the key issue is how to rationally guide outstanding enterprises.

Enterprises can return to China, and through the positive guidance of these long-term stock accumulation enterprises, we can gradually guide the overseas mature market experience to the domestic market, and even achieve the purpose of guiding market value investment and rational investment.

However, for the time being, it is not easy to achieve this goal, but the road of return of China's stock taking companies is still bumpy.

In recent days, a long and quiet period of stock return has appeared to have made some changes.

Specifically, according to official Qihoo 360 news,

The paction has been completed, and it will not be publicly traded at the NYSE.

As a result, in fact, the Qihoo 360's return plan has made substantial progress and its future will return to the mainland market when it comes to the market.

However, affected by this incident, the market once again referred to the focus of attention.

As a matter of fact, for Chinese stocks companies, they often choose

The main ways of issuing, backdoor listing and landing new three boards will be returned to the domestic capital market.

However, for now, the IPO barrier lake problem is serious, and the A share market listing threshold is very high condition constraints, but it is easy for many Chinese stocks companies to wait.

As for the new three board market, although there has been a stratified policy at present, but due to the low activity of the new three board market and the restriction of investors' access threshold, many enterprises that are listed on the new third board market are hard to achieve the expected financing effect.

Perhaps, considering the time of listing and the maximization of listing interests, backdoor listing may still be one of the most important ways for Chinese stock taking companies, especially the excellent stock companies.

However, under the influence of the new regulation of backdoor regulation, the Chinese stock taking enterprises need to complete the preparation of backdoor listing.

However, in view of the current domestic market environment, the overall financing channel has not yet been substantially broadened, and in the context of the listing channel and the listing threshold has not been loose, it has also directly exacerbated the pressure of the stock return.

Perhaps, for the future, the advantages of the excellent stocks in the mainland market will be relatively obvious, but for many Chinese stocks companies, the way of their future return is still bumpy.