A Study On The Motivation And Path Selection Of China Stock Exchanges

In the early days,Chinese internet companies were restricted by overseas capital investment.In order to seek more funds to grow and expand their businesses,they chose to list overseas.At the beginning of the listing,the China stock exchange was favored by US investors,and the stock price also kept rising.However,this trend came to an abrupt end with the occurrence of the short-selling stocks in 2010.Many of the Chinese stock companies suffered heavy losses and delisted.The stocks after the delisting were attracted by the high valuation of the domestic stock market.Returning to the listing plan,but due to the diversification of the regression path and the existence of various path selection factors in the regression process,the Chinese stocks will face the problem of regression path selection in the regression process.It is necessary to conduct research.This paper uses literature research method,case study method and comparative analysis method to study the path selection of WuXi PharmaTech’s return to domestic capital market,in order to provide reference for other companies.First of all,through the literature research method,it sorts out the motivations,regression paths and regression effects of the stock return,and defines the concepts of the stock market and the red chip structure.Secondly,using case analysis method to take WuXi PharmaTech,which adopts the split-listing path,as a case study,briefly introduces the case of WuXi PharmaTech’s return to the market from two aspects: case background and regression process.Among them,the background of the case mainly describes the basic situation of the current stock return and the basic situation of WuXi PharmaTech,in order to clarify the background of the entire event of WuXi PharmaTech’s return to the market.Again,an analysis was conducted on the entire return-to-market process of WuXi PharmaTech.Specifically,this part further analyzes the factors affecting the regression path selection of WuXi PharmaTech,the advantages and disadvantages of the regression path,the basis of path selection,and the evaluation of the effect of regression path,based on the entry point of WuXi PharmaTech’s return to the domestic capital market.This paper mainly studies the path selection of WuXi PharmaTech’s return to domestic capital market,and analyzes the reasons for WuXi PharmaTech’s regression path selection from four aspects: regulatory environment,investment and financing demand,strategic adjustment and governance structure,and then the effect of regression path The company comprehensively analyzes the professional operation ability,the company incentive mechanism and the overall market value of the company,and finally draws the research conclusions of this paper and summarizes the relevant case revelations.Through the use of case analysis method to study the factors influencing the choice of the return path of the stocks,combined with the domestic policy environment and the situation of the stocks themselves,summed up the precautions that can be drawn from in the process of returning to the stocks,and thus the other stocks.The return of enterprises provides reference and perfects the lack of relevant literature research.