Mainland Listed On The Hong Kong Legal Standards (A + H) Comparative Study

With the continuous development and perfection of China's securities market, financing and listing in the mainland and Hong Kong is becoming a favorable way for China enterprise to join the international capital market, and the tendency is in an expansion. Both in the context of mainland and Hong Kong, listing refers to the mainland China enterprise issue A share and H share. In SSE(SZSE) and SSE according to "Same share same right same price" principle .Because China implements the"one country, two system"policy, and in the mainland and Hong Kong there exist two kinds of legal system, and the development of securities market is different, all these make listed legal standards in mainland China, Hong Kong securities market have a very big difference. If a mainland enterprises want to achieve dual Listing in the mainland and Hong Kong, it must comply with listed standards of the securities market both in mainland and Hong Kong, this undoubtedly increase the difficulty of the mainland enterprises listing, and it will bad for the formation of China Stock Market's integration. Therefore it is necessary to compare the mainland and Hong Kong-listed legal standard. Through compare the mainland and Hong Kong's listing standards, we can find out similarities and differences and let China, Hong Kong stock market learn from each other in order to make up their own Listing standards' shortcomings. Through compare the listing standards of the mainland with those in Hong Kong, it is undoubtedly beneficial for mainland enterprises dual listing, and it is also helpful for the integration of China Stock Market.The thesis is made up of three parts. The first chapter outlines A and H system, introduces the background of our mainland and Hong Kong listed system, explores A and H system's definition and development process. It can be learned that in order to promote the mainland enterprises listing smoothly, compare the mainland and Hong Kong's listing standards is necessary.The second chapter compares mainland and Hong Kong's listing standards. The chapter firstly expounds realistic significance of A and B listing legal standard, introduces the similarities and differences. In the mainland, Hong Kong securities listed standards. Through compare, we can observe that the specific provisions of securities listed standard directly.The third chapter is the evaluation and suggestion about A and H legal standards. The chapter has an evaluation on the listed standard of mainland, Hong Kong securities. Combined with the study on mainland and Hong Kong securities listed standards respectively, find out their desirable merits, and put forward some pertinent suggestions on how to perfect listing standards concerning both the mainland and Hong Kong stock legislation.