全球资本市场整合,海外上市何去何从（Integration of global capital markets, overseas listing, what course to follow）精选.docVIP

全球资本市场整合,海外上市何去何从（Integration of global capital markets, overseas listing, what course to follow） Integration of global capital markets, overseas listing, what course to follow? The merger between the Chicago Mercantile Exchange and the Chicago futures exchange, the merger of Euronext and Euronext in New York, has brought new mergers and acquisitions between global exchanges to new heights in Paris. What exactly is the purpose of the union between these exchanges? What effect will the joint of them have on the overseas listing of Chinese enterprises? What problems will Chinese enterprises pay attention to before they can go abroad? Capital struggle: global stock exchange seeks joint Reasons for cross-border mergers and acquisitions Prior to 2000, the integration of global exchanges was mainly conducted within one country (region). After that, the trend of integration began to cross national boundaries. Mergers and acquisitions among exchanges were launched in the global securities market. The development trend of the global exchange industry mergers and acquisitions has a profound strategic background. 1., multinational companies want their shares to be traded around the world on a 24-hour basis to raise money at lower cost. 2., the diversified investor wants to get integrated trading services and global investment opportunities, while managing complex trading and investment strategies quickly and poorly. 3., the stock exchange carries out global mergers and acquisitions, first of all, to save costs and create economies of scale; secondly, to form network externalities. Through cross-border mergers and acquisitions, exchanges can significantly expand the market size and investor base, and enhance the network externalities of the market. Third, new profit growth opportunities. Big game behind mergers and acquisitions The trend of exchange M A is the competition between big countries in economic resources and national status. 1., the capital market give full play to