China Stocks Return To The A-share Market Motivation And Financial Performance Analysis

With the deepening of the process of economic globalization and the integration of international financial markets,Chinese companies' overseas listing is more and more common.Compared to the domestic capital market,overseas listing has more relaxed requirements,and can expand the enterprise reputation,has been a considerable part because the ownership structure or promising but poor profitability but not listed in the domestic enterprises welcome.China's enterprises in the last century in 90 s began the journey of overseas listing,in 2010 began to set off a wave of overseas listing,overseas listing has become a symbol of success and wealth.However,since the beginning of 2011,opportunities a large number of stocks in the choice of privatization delisting,and seek to return to the A-share market A.This treatment of overseas listing of a different attitude,what is the cause of the enterprise,the behavior of the overseas delisting of the return of the A-share market is really able to bring financial performance to promote the role of A?In order to solve these problems,this paper selects the first case of Focus Media which successfully returns to the A stock market as a case,and studies its return motivation and financial performance.For the return of motivation,this paper concludes that the Focus Media directly causes the return of A shares market value was underestimated,is not conducive to the long-term development of enterprises;undervalued stocks from the financial fraud trust crisis,foreign investors do not understand the Chinese mode,malicious short muddy water bodies.In addition there are drivers needed to maintain the high costs of listing,the domestic market prices is good,its own development "mobile Internet plus".For the return of A shares on the focus media's financial performance,through the comparison of financial indexes before and after the focus media market performance,regression analysis,found that the return of A shares on the focus media may contribute to the financial performance.Market performance,this paper found that after the return of Focus Media,the stock price,market value,earnings have a significantly better performance.Financial indicators,its growth,return,risk indicators of the three elements have been improved,indicating that the operating condition of the enterprise is getting better and better.