Study On The Effect Of Long-Haul Oil Transport Returning To A-share Market

The successful re-listing of listed companies in China's securities market is few.Facing the risk of forced delisting,listed companies often choose a variety of ways to escape,which seriously affects the order and efficiency of the re-listing system.The operation of Changhang Oil is the first listed company to return to A shares after being forced to delist,becoming the first successful practice in China since the establishment of the relisting system.It has established for other listed companies that have been forced to delist to actively improve their performance,which can be reversed.A good example of the situation is extremely positive.However,Changhang Oil Transportation experienced a stock price drop in eleven days of the fifteen days after its return to A shares.The case of a listed company's return to A-shares,which has significant systemic significance and bleak market feedback,has strong research value.By studying the market effect of Changhang Oil Transportation's return to A-shares,it can fill the current Chinese scholars' re-listing of listed companies.To measure data with long-term market effects,we will focus on the possible attitudes of investors after the re-listing of Changhang Oil Transportation after it re-listed in the A-share market.Based on the calculation of the event research method,this article finds that investors have a negative attitude towards the short-term development of Changhang Tanker after returning to A shares,and they do not agree with the development trend of Changhang Tanker after its re-listing.Investors' negative attitudes are mainly due to the unsatisfactory macroeconomic situation,asymmetry of information at the macro and enterprise levels,and shortcomings in the business and financial development of China Airlines Hangyun Shipping,resulting in investors' short-term development after the company's re-listing.The outlook is severely lacking in confidence.On the contrary,investors have a positive attitude towards the long-term development of Changhang Oil Transportation,and actively recognize the long-term development and future prospects of Changhang Oil Transportation,which are mainly derived from the special background of Changyang Oil Transportation's central SOEs and the operating conditions through restructuring.The plan presents a good trend.These multiple reasons make investors not agree with the short-term development of Changhang Fuel,but have positive views on its long-term development.At present,domestic and foreign research on the return of A-shares to state-owned enterprises is mostly in the theoretical research stage.At present,research on returning to A-shares in the academic world is mainly discussed from the policylevel and the way of listing,and most of them are empirical.Research.The novel point of this article lies in the combination of theoretical research,mainly using the form of a case to conduct a comprehensive analysis of the entire process of returning A shares of Changhang Oil Transportation,in-depth analysis of the short-term and long-term effects of returning A-shares in the market,summing up successful experiences,and Dig the problems behind and give reasonable suggestions for improvement.