Wen Hao of the China Enterprise Listing and Financing Promotion Association

Think about what you're looking for.

The surname Zeng ranked 38th in the 2017 Chinese surname rankings, and the name of Li is relatively small, so according to probability statistics, according to the habits and preferences of Chinese people to choose names, there will be no more than 200 people with the same name and surname called Zeng Li in the country.

Some friends will ask why Chinese companies want to go public in the United States? If the Shanghai Main Board plus the Shenzhen ** Exchange plus the Hong Kong ** Stock Exchange are combined to equivalent to the trading size of the NASDAQ, the New York Stock Exchange is equivalent to the combined trading volume of the other 50 major exchanges in the world.

The United States is a mature capital market, which recognizes value investment more, and good companies can get reasonable valuations, rather than junk stocks like China.

Because Hong Kong and the United States are free market economies, while China is a policy economy, it is not free and susceptible to the influence of certain individuals.

By issuance**.

**The market is divided into primary market and secondary market.

Issued in the primary market**, circulated in the secondary market**.

What you are talking about is the secondary market, that is, the circulation of **.

The real financing of the company is in the primary market, that is, when it is just issued, you think, from no **, to the issuance**, the shareholders want to buy, and the money will not enter the company from the shareholders through the ** market?

Moreover, the company does not have to pay back this money, and when the shareholders who bought it for the first time do not want it, they will sell it to others, which is what you said.

Therefore, it is the creation of virtual capital, and what is bought and sold in the market is virtual capital, and what the company gets is actual capital.

How to raise funds for domestic listed companies? The funds of China's listed companies mainly include endogenous financing and external financing. Since the financing is carried out within the company, there is no need to actually pay interest or dividends externally, and there is no reduction in the company's cash flow; At the same time, because the funds are in the company, no financing costs are incurred, so that the cost of internal financing is much lower than that of external financing.

Endogenous financing mainly refers to the company's own funds and the accumulation of funds in the process of production and operation, which is to increase the company's capital by accruing depreciation to form cash and retained profits.

The company to be listed on the stock exchange chooses the exchange according to its own financing needs. Confirm that the company to be listed meets the initial public offering, listing specifications and qualification review of the trading spine fluid exchange, pass the "risk assessment" review of the registered accountant of the local ** trading commission, issue the "underwriting opinion" and complete the signing of the "listing entrustment contract" with the financial advisory company. Then the IPO counseling course is launched, and then the IPO company signs the representative deed with the representative accountant, signs the representative contract with the lawyer, the lawyer completes the listing review checklist and MDA (business discussion and analysis), and the legal representative and financial adviser prepare the prospectus and F1 or F 20F registration documents for the public.

At the same time, the underwriter (investment bank) signs the underwriting contract, and the registered accountant of the ** transaction management committee issues the accounting principles, financial audit and consent letter. Obtain the stock market status through the joint confirmation of the prospectus and F1 registration documents by financial advisers, lawyers, accountants and underwriters, and complete the registration procedures of the Transaction Management Committee and the stock exchange to be listed; Finally, the initial prospectus was printed, and the underwriters started the roadshow; If the full disclosure standard is met, the Transaction Management Committee indicates that it has no inquiry, and the company to be listed receives the listing notice, and the listed company can print the official prospectus and IPO share certificate, and choose an auspicious date to be listed for trading.

It is also an additional issuance of ** to raise funds.

According to the relevant regulations on listing in overseas ** markets. (in overseas markets) issuance** and bonds, etc. to finance Chinese enterprises.

Chinese enterprises raising funds and listing overseas also depend on some local policy support. It also depends on whether the local ** funds for your financing are lenient, you can take a look at some of the conditions of our Malaysia ** exchange, which will be in place for your company's listing financing and follow-up services.

In June last year, Malaysia** amended the relevant laws on the listing of overseas enterprises in Malaysia, allowing foreign-funded enterprises to hold 100% equity, allowing free profits and dividends to be exported back to China, and enjoying preferential tax policies, etc., which makes the channels for overseas enterprises to list on the Bursa Malaysia Exchange more smooth.

In today's society, corporate financing activities are an important part of the business process, as a listed company, the capital mainly includes endogenous financing and external financing. Endogenous financing mainly refers to the company's own funds and the accumulation of funds in the process of production and operation, which is to increase the company's capital by accruing depreciation to form cash and retained profits. External financing includes debt financing methods such as borrowing from financial institutions and issuing corporate bonds; Equity financing for issuance**, rights issue and additional issuance of new shares, and issuance of convertible bonds for half equity and half debt. In a nutshell, the three types of financing are additional issuances, rights issues, and convertible bonds.

According to whether intermediaries are needed for financing, the financing of listed companies can be divided into direct financing and indirect financing; Direct financing includes IPOs, additional issuances** (additional issuances, rights issues), corporate bonds, convertible bonds, convertible bonds for separate transactions, warrants, etc. Indirect financing includes borrowing from financial institutions such as banks, and borrowing from other institutions or individuals.

1.Widely absorb social funds, and the injected funds can expand the scale of operation.

2.Enhance the corporate image, enhance the company's credibility and influence.

3.After listing, a company needs to disclose its financial statements on a regular basis to keep its operating conditions in the public eye. Improve the impact on the industry and the audience, create wealth, increase the wealth of shareholders and employees, and enhance employee loyalty.

Why do companies want to go public? Because there are 4 major benefits: financing, assetization, strategy and branding.