| More and more Chinese mainland enterprises begin to go after being listed on the stock markets overseas with the view to building more direct and faster financing channel and taking part in international competition and communication, a lot of concomitant legal issues have arisen. Therefore, it is no doubt very realistically meaningful to study on the legal issues.This paper makes a tentative study in this regard.First of all, the connotation, benefits and procedures of being listed overseas are laid out. The following chapters discuss the benefits, procedures of direct listing and indirect listing, the advantages and disadvantages of them and the mode of listing overseas by building a shell. Then relevant Chinese laws and regulations are introduced. The security markets and the laws concerned in Hong Kong, Singapore and the US are also discussed because they are the main region or countries that Chinese enterprises seek to being listed overseas. The topic of application of laws in conflicts and class actions are analyzed, as well as the supervision, disclosure and return-investment of the listing companies. The paper points out at last that going overseas for listing is a reasonable decision for enterprises. The government should guide actively and regulate rationally. The enterprises must abide by the laws and better the corporate governance in order to have a sound and steady development in the process of listing overseas. |
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