Circulation And Overall Listing Analysis

"Overall Listing"can be looked upon as a kind of adjustment of corporate border, which will help corporate groups lower transaction cost and optimize capital distribution.Spin-off listing is a product of the specific economy circumstance of China. As the economy reform is going sophisticated, the Spin-off mode turns out to be inefficient. It succumbs to overall listing in avoiding associated business, making enterprises stronger and exploiting financial innovation opportunities.Against the background of equity reform completion, overall listing achieves great success. Nevertheless, it doesn't radically eliminate the associated business and its efficiency lies mainly on the structure of corporate equity. Therefore, it is not a absolute necessity for enterprise management optimization.