中国民营企业海外上市比较的研究.docVIP

摘 要 随着中国加入WTO和市场经济的深入发展，中国民营企业的规模也日益发展壮大，他们对资金的需求也越来越多，然而由于国内直接和间接的融资渠道不畅，民营企业在国内的融资受到很大的限制，因此很多民营企业都选择去海外资本市场上市。 本文主要采用比较研究的方法，结合理论与实际，分析了民营企业海外上市的原因、不同资本市场的特点和优势、海外上市地点的选择、海外上市模式的选择和民营企业海外上市面临的问题及解决方法。笔者旨在通过这篇论文给民营企业在不同海外市场上市提出建议。 本文的正文分为五个部分 第一章是选题背景和文献理论综述。文献综述主要介绍了融资的理论和国内外研究现状。第三节介绍了香港和美国资本市场。第四节分析了民营企业海外上市的动机和上市现状。 第二章是民营企业海外上市地点的选择。这一章主要分析了香港和美国上市的优势、两地上市的条件比较、两地上市的成本比较以及已上市民营企业的上市地点选择。 第三章从两个方面比较了海外资本市场的上市模式。上市模式之间的比较和已上市民营企业上市模式比较。 第四章从会计、法律、公司治理等方面分析了民营企业海外上市面临的问题并提出解决方法。 第五章为对中国民营企业海外上市的建议。 关键词：民营企业，资本市场，海外上市，比较分析 ABSTRACT With china’s entry into WTO and further development of market-oriented economy, the scale of private enterprises in china are getting increasingly strong, and their demand for capital is getting more and more; however, due to the direct and indirect ways of financing are not so smooth, their domestic financing is greatly restricted; more and more private enterprises chose to list in the overseas capital markets. Based on theories and practices, this dissertation mainly applies comparative research method, and analyzes the reasons on listing abroad, the features and advantages of different capital markets, choices of foreign markets and listing mode, the problems they face to and the solutions on their lists overseas. The aim of this dissertation is to give some advice on listing abroad. The dissertation covers five sections. The first section is background knowledge and theoretical summary. It mainly introduce into financing theories and current situation on the research home and abroad. The third sector describes the capital markets in Hong Kong and the US. The fourth chapter analyzes the motive and the current situation the private enterprises list abroad. The second depicts the choice for private enterprises’ list overseas. This section mainly analyzes the advantages of capital markets in Hong Kong and the U.S. the comparison on listing requirements, the cost and market choice list in the two capital markets. The thi