The Risk Research Of Industry Based On VIE Contracts Structure

In the21st century. China’s rapid business development speed Internet, resulting in a large number of outstanding companies in the Internet industry, and they led to the rapid development of China’s Internet progress and the information industry. The reason is due to the progress of these domestic enterprises to adopt the protocol control mode to get listed abroad opportunity in order to be able to raise huge amounts of development funds abroad. This kind VIE protocol control mode is widely applied to different industries, not only can make the Internet, education, industry, etc. to restrict or prohibit the injection of foreign trade financing to fund overseas, but also for the domestic market obstacles enterprise manufacturing an excellent financing. However, with some protocol control mode to VIE overseas listed companies there is a problem in different circumstances, exposing the use of VIE protocol control mode to enable businesses to more easily achieve overseas listing, it would also bring to the enterprise some huge risks, risk of damage caused by these, will not only damage to their business interests related to the interests of investors. This will greatly affect the confidence of foreign investors for the use of the protocol control mode overseas-listed Chinese companies, in turn will affect the opportunities for domestic companies listed abroad, leading to some of the more rare domestic corporate finance issues. These overseas-listed companies show more face enormous risks. Therefore, based on the correct analysis of the risks in this mode existence of the business, for business is important.Existing theories and case studies as a basis by companies listed overseas model development and the development of capital markets, we can draw VIE protocol control mode is a market product. VIE agreements risk control mode on the basis of its existence, discussed the risk of default Alipay VIE based protocol mode, by analyzing the causes of the risks, get the spirit and inspiration of the importance of national legal and regulatory contract; also discussed based New Oriental VIE agreements information disclosure risk model, by analyzing the causes of the risk, should draw inspiration strengthen information disclosure; Finally, we discuss the structure of risk management education based Sunway VIE protocol mode, by analyzing the causes of risk, corporate governance and regulatory draw The importance of revelation. By deepening research and analysis results, from improving the corporate governance structure, strengthen the supervision of VIE structure and the deepening of the capital market reforms take appropriate measures three aspects, can help enterprises to avoid the associated risks, in order to maintain a robust enterprise can development, but also conducive to foreign investors to make the right investment decisions, but also to facilitate capital market to maintain good operating order.