Analysis On Gome's Back-door Listing In Hong Kong

Gome's back-door listing in Hong Kong is a type of financing abroad by rapidly developing private enterprises. As one of a few successful private enterprises being listed in Hong Kong's main board, Gome gains the market's approbation. Its back-door listing does good not only to itself but also to other interested parties. Gome's operating skills during its back-door listing include escaping many supervision rules in China, successful controlling the process cost and making a good share price. The paper hopes to find out valuable experiences about private enterprises indirectly being listed abroad on the analysis of this case, and then study the Chinese supervision rules of private enterprises'indirectly public offering abroad.The paper includes eight chapters. Chapter 1 and chapter 2 introduce the background of Gome's back-door listing in Hong Kong, especially in the area of the general situation about household appliance retail trade and the developing history of Gome, and then find out the financing problems in Gome. From chapter 3 to chapter 7, the paper firstly analyses many factors in Gome's back-door listing in Hong Kong, such as the reason, the process, the characteristic, the result and the successful conditions of this activity. Base on the analysis these chapters try to sum up valuable experiences about private enterprises'indirectly public offering abroad. Chapter 8 reviews the Chinese latest supervision rules on private enterprises'indirectly public offering abroad and provides some advices.