Deloitte China partner China business development Executive Director Kim built recently revealed that, due to regulatory layer force push strong a stock market, the focus of development is still promoting the H shares and the red chips back. In addition the State foster environmental protection, agricultural industry such as State-owned enterprises, will also become the protagonist of A unit of the IPO. While real estate Corporation want to A unit IPO almost impossible, but the Hong Kong market listing of real estate is very welcome.
SMEs, overseas listing
: Http://gold building said that from 2007, the Government departments constantly stressed the need to make A stock market, Shanghai Stock Exchange to be apart from New York, London Stock Exchange, third largest exchange. Under the impetus of the Government, the last year and this year the focus of A unit is the h-shares and the return of the red chips, and A listing on the stock market is more suitable for national foster industry, such as environmental protection, therefore it is expected that in 2008 A-share market is the State-owned enterprises. Now A-share market in spite of the relatively large and lively, but for small and medium-sized enterprises or obstacles. Affected by the size and growth patterns of restrictions, many SMEs in A stock listing application aborted.
Therefore, SME gold production to overseas market. Overseas listing countries although there is no express provision, the last year of a no. 10, concerning overseas company reverse take-over Declaration and approval process, there is no enforcement mechanism. Now a lot of private enterprises overseas company reverse take-over continent assets to overseas listing restrictions.
Jin Jian said: this year the problem to solve, held a Congress in March, the message may have new implementing system. And the Commission has started accepting applications for overseas listing of enterprises.
Some real estate IPO A unit may not
Kim built according to the industry experience and macro-control policy, said real estate in 2008 A unit IPO almost impossible. He explains that this macro takes on real estate is compressed, persecuted by the strategy. "Deloitte Touche Tohmatsu understands that the real estate in A stock-listed so far is zero. ”
Jin Jian said, "I suggest going to Hong Kong-listed real estate companies. Hong Kong is a small, real estate is Hong Kong's pillar industries, so once the influx of capital will be listed. But do A stocks ready to transfer to the h-share market ready is not very difficult, because this year's introduction of the new accounting standards, and h-share implementation of international norms are very close. ”
He believes that not only is the real estate business, the market is also the first choice for small and medium sized enterprises listed overseas. First, the territory of Hong Kong, China, Hong Kong-listed enterprise success rate goes far beyond the United States, Singapore, Canada, etc. Hong Kong capital markets in the world ranked No. 10-bit, the Hong Kong securities institutions dedicated to hire overseas returned by continent, on the continent's understanding of the darker. Therefore these people to the bodies of the research report is targeted. Secondly, domestic enterprises particularly influential in Hong Kong, many companies do very successfully. Hong Kong-listed investment of relatively high, the traffic is convenient. Hong Kong is more concentrated in China market, accounting for China's overseas listing of 51%, overseas funds are accounted for 53%.
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