What is the difference between an overseas listed company and a domestic listed company?

To go public is to enter the capital market. Generally, the criteria for selecting domestic and overseas listings are as follows.

First, the country's best sells well, and the stock price is high;

Second, the company's main market in foreign countries, listed abroad is more conducive to the company's future market expansion.

Fourth, the difficulty of refinancing.

Wait a minute. Based on the above, choose whether to look at the actual situation of the enterprise at home or abroad.

But what is certain is that whether it is listed at home or abroad, it requires enterprises to have mature products, stable markets and growth.

Summary. Dear, the answer to this question is: the main impact of domestic listed companies on overseas issuance is to increase the company's cash flow, which will have good news on the stock price.

This allows direct and fast access to the capital market and attracts capital; Enhance the company's ability to continue financing; Create liquidity and exit channels for new investors from original shareholders; Enhance the company's ability to engage in M&A activities; enriching the incentive mechanism for employees; increase the value of the company's valuation; Meet the company's needs for different foreign exchange funds.

And dear, if you still have any questions that you don't understand, you can always ask me questions!

What is the impact of the overseas issuance** of domestic listed companies on listed companies.

Dear, the answer to this question is: the main impact of domestic listed companies on overseas issuance is to increase the company's cash flow, which will have good news on the stock price. This allows direct and fast access to the capital market and attracts capital; Enhance the company's ability to continue financing; Create liquidity and exit channels for new investors who are cautious of original shareholders; Enhance the company's ability to engage in M&A activities; enriching the incentive mechanism for employees; increase the value of the company's valuation; Meet the company's needs for different foreign exchange funds.

If you still have any questions you don't understand, you can ask me questions at any time!

This is good for the stock price of listed companies, and it will briefly stab the stock price of Sen Qingji, and there will be a slight ** state grip. The issuance of ** can enable the listed company to obtain more funds, quickly enter the capital market, attract funds, and achieve the expansion of the scale of the enterprise.

Overseas listings have a larger market and stronger refinancing capabilities than domestic listings, but the management system is stricter than that of domestically listed companies.

At present, it is impossible, the requirements for listing at home and abroad are different, and the listing system is different.

It is estimated that it is difficult to successfully go public, because domestic listing only requires the submission of domestic information, but overseas listing requires the legal representative to be an immigrant.

1. Different refinancing capabilities: foreign listings have a larger market than domestic listings, and the ability to continue refinancing is very strong, and the market provides a steady stream of funds and regulatory convenience, so that enterprises can continue to obtain financial support for redevelopment.

2. In the face of different environments: the international regulatory environment is higher than the domestic requirements, which can provide enterprises with a more standardized, company-controlled external environment, and the United States reports an account every quarter.

3. Different markets: Overseas capital markets, several major trading markets, its investors are relatively mature, which is a big financing difference from China's trading market. I understand that 90% of investors in the Hong Kong market are institutional investors,** and perhaps less than 10%,and this 10% also includes a large number of large investors.

However, in the Chinese market, institutional investors account for 40%-50%, most of them are small investors, he is affected by market fluctuations, very affected by information, and the first investor itself does not have so much analytical ability as institutions, so his judgment on the market and a company is more limited to the superficial impact.

1. What is an overseas listing?

Overseas listing refers to the issuance of domestic shares to foreign investors and their public listing on overseas exchanges. There are two modes of overseas listing of Chinese enterprises: direct listing and indirect listing.

The law stipulates that Article 238 of the ** Law: If a domestic enterprise directly or indirectly issues overseas or lists its ** mountain for trading overseas, it must be approved by the ***** supervision and administration authority in accordance with the provisions of the law.

2. What is the way to list overseas?

1. Overseas direct listing.

Overseas direct listing refers to directly applying for registration in the name of a domestic company with a foreign competent authority, and issuing a certificate (or other derivative financial instruments) to apply for listing and trading on a local exchange. That is, what we usually call H shares, N shares, S shares, etc. H shares refer to the issuance and listing of Chinese enterprises on the Hong Kong Stock Exchange, with the first word "H" of Hongkong as the name; N shares refer to the issuance of ** and listing of Chinese enterprises on the New York Stock Exchange

The first word "N" of York is the name, and the same S shares refer to the listing of Chinese companies on the Singapore Exchange.

Usually, overseas direct listings are carried out in the form of initial public offering (IPO). The main difficulty of overseas direct listing is that the domestic law is different from the foreign law, and the requirements for the management, issuance and trading of the company are also different.

Companies that conduct overseas direct listings need to work closely with intermediaries to develop a listing plan that meets the requirements of domestic and foreign regulations and exchanges.

The work of overseas direct listing mainly includes two parts: domestic restructuring, approval (at present, the CSRC no longer issues a "no objection letter" for overseas listing, that is, cancels the review of legal opinions on the overseas issuance** and listing of overseas companies involving domestic rights and interests) and overseas application for listing.

2. Overseas indirect listing.

Due to the complicated, costly and time-consuming procedures for direct listing, many enterprises, especially private enterprises, have indirectly listed overseas in order to avoid the complex approval procedures in China. That is, a domestic enterprise registers a company overseas, and the overseas company obtains control of domestic assets by means of acquisition, equity replacement, etc., and then takes the overseas company to the overseas exchange for listing.

There are two main forms of indirect listing: shell listing and shell listing. Its essence is to achieve the purpose of listing domestic assets by injecting domestic assets into the shell company, which can be a listed company or a company to be listed.

The advantage of an indirect listing is that it is less costly, takes less time, and can avoid complex approval procedures in China. However, there are three major issues that need to be properly handled: the filing of materials with the China Securities Regulatory Commission, the issue of the proportion of the shell company's holding in domestic assets, and the choice of listing timing.

3. Other overseas listing methods.

Overseas listings of Chinese enterprises are usually based on direct listing and indirect listing, but a small number of companies use depositary receipts and convertible bonds to list overseas. However, these two listing methods are often the methods used by enterprises when they have been listed overseas and refinance.

Listing in Hong Kong is an overseas listing, and listing in the mainland is a hail listing, and the differences between the two are as follows.

First, the listing method is different.

All those listed on the Shanghai ** Exchange and the Shenzhen ** Exchange in China are listed in China (listed in the mainland). In terms of quantity, domestic listing is the main way to go public. There are two modes of overseas listing (Hong Kong listing) of Chinese enterprises: direct listing and indirect listing.

Second, the way to market socks orange is different.

The first step of domestic listing (mainland listing) is to first restructure the shareholding system, and only after the restructuring is completed can the process be carried out normally. However, overseas listing (Hong Kong listing) does not need to be restructured, because there is no requirement for whether the company is a shareholding system overseas.

Third, the financial audit is different.

For overseas listings and domestic listings, it should be noted that the two adopt different financial review mechanisms, and the audit mechanism for domestic listings is in accordance with China's existing accounting standards. For overseas mainstream capital markets, they are all audited using international generally accepted accounting standards.