Study On Models Of Holistic Listing Of Enterprise In China

With the end of non-tradable shares reform, the stock market of China had turn into full-circulation stage. Since 2004, many group companies such as TCL Group, WU Gang Co. Ltd and Shang Gang Group, have successively realized holistic listing through the existing platform of its affiliated listed company. There are few companies realizing holistic listing before the reform of non-tradable shares. After the reform of non-tradable shares, more and more groups and big companies wish to realize holistic listing. The atmosphere of holistic listing fulfilled the whole stock market of China. Then the concept of "holistic listing" became the focus of the whole stock market of China.There are five parts in this thesis.The fist part demonstrates the background and the research idea of this thesis.The second part illuminates the different ways for listing through theoretical discussion, and concludes the existing three ways for the holistic listing, which includes: the IPO of stock swap, the acquisition of follow up offerings, and the acquisition of stock swap.The third part analyses the most proper way for the Sinohydro Corporation's listing, after the analysis of the Sinohydro Corporation's character, that is the holistic listing.The fourth part shows several possible problems during the holistic listing and gives some suggestion to meliorate the circumstance.The fifth part gives the conclusion of this thesis.