Research On The Holistic Listing Performance Of POWERCHINA Ltd

When China’s capital market just opened,the majority of companies got listing qualification through the way of spin-off listing,which is a necessary means of listing the company.But,with the continuous development of China’s capital market and the growing growth of listed companies,more and more listed companies choose the way of holistic listing to promote the Group’s internal resources integration,solve the drawbacks of spin-off listing and play the company’s comprehensive advantages.In the boom of China’s mixed ownership reform,holistic listing is one of the important way.Some qualified companies also need to do so in such a way to get more vitality and promote enterprise development and growth.This paper chose POWERCHINA Ltd as the case company.By analyzing the case,the purpose of this paper is to provide a reference for large mixed ownership enterprises those are prepared to be holistic listing.Firstly,this paper summarizes the basic theory and the literature on the holistic listing and performance evaluation.Then,it gives detailed description of the related parties,motivations,processes and programs of the holistic listing of POWERCHINA Ltd.Then,for the overall performance of POWERCHINA Ltd before and after the holistic listing,this paper gives detailed analysis from two aspects,which are the stock market performance and financial performance.Then,this paper analyzed the impact of overall listing on POWERCHINA Ltd combined with the mechanism of the impact of overall listing.Finally,based on the above analysis,the paper draws some conclusions and gives some recommendations.