Study on Chinese companies＇ perception on overseas public listing.pdfVIP

Jun．2007，Volume 6，No．6(Serial No．48) Chinese Business Review，ISSN1537·1506，USA Study on Chinese companies’perception on overseas public listing LIUWeiIKANGXing—hua2 ． fi．Hainan Wuzh~han Group Company,Limited,Haikou 570208,China 2．School D， Economics，Hainan Universi Haikou 570228,China) Abstract：This paper reports flu investigation on Chinese companies’perception on overseas public listing． The investigation is mainly based on fl questionnaire survey．The result shows that Chinese companies overwhelmingly accept overseas listing as fl preferred option，which may shed some light on other Chinese companies in their evaluation on seeking overseas public listing as fl strategic option to the overseas exchanges in their efforts of wooing the Chinese market． Key words：public listing；stock exchange；IPO 1．Intr0ductiOn Wlth the development of market economy and China’s entry lnto WTO．more and more Chinese companies are involved in the process of globalization，which results in more and more Chinese companies seeking financing through public listing at home，or in overseas stock markets．The procedure for Chinese companies to get public listed at home，however,remains complex and strictly controlled，which results that Chinese companies seek overseas public listing．Such situation brings opportunities to the overseas stock exchanges，especially those key players of the world．For this reason，executives of key exchanges are tripping over each other in China to tout the advantages of listing abroad to Chinese companies and regulators etc．．More recently,the London Stock Exchange fLSE1 opened flu office in Hong Kong and senior officers of Toronto．New Y0rk and Singapore were contemplating increasing marketing and promoting their ex