Mainland enterprises registered in Hong Kong offshore companies , how Hong Kong-listed ?
Q: How Mainland enterprises listed in Hong Kong , Hong Kong offshore companies registered in Hong Kong, backdoor listing it?
A: Hong Kong-listed mainland companies want to have a direct and indirect market in two ways :
1, directly to the mainland market is a direct name of the company to issue the Hong Kong Stock Exchange for registration , approval can be issued after the stock , and then apply for listing usually take IPO forms are listed directly , but because the two different laws , the company's management , stock issuance and transaction , they are not the same, the high cost of direct market , more complex procedures , the agency has to hire more , take a long time , and so defects , many of which are listed using the indirect , but from the company 's long-term development to view, direct listing should be listed in Hong Kong the preferred .
2, indirect market to see what we hear daily of backdoor listing , is not directly in Hong Kong, Mainland enterprises listed on the stock issuance , and is the use of Mainland enterprises in Hong Kong registered company acquisitions , stock exchange , etc. to obtain control of the asset , then the Hong Kong listed company to achieve , including a shell and made shell two methods , the shell can be a listed company, it can be listed company indirect benefits required for a short time - has been looking for a good shell resources in terms of investment banks to help businesses shell only 3-4 months ; provided does not meet the listing requirements of business -to-market channel ; intermediary costs low - Relative IPO , the agency costs low , and the current shell cheap ; shell listed in Hong Kong , Hong Kong securities market regulation in accordance with the regulations, must be qualified by the investment banks and other intermediaries responsible for the operation , subjects covered include < < company income, combined Hong Kong-listed shares back to defensive >>,<< > > and the < < securities and cases > > and so on , can avoid a direct listing of various types of complex approval process .