First, the process and effect of initial public offerings
First, the listing procedures in Hongkong are transparent and time controllable. This is mainly benefited from a set of clear and standardized procedures for the listing of Hongkong, as well as the independent and impartial, clean and efficient supervision institutions and high quality of the professional institutions. The company will be able to complete the process of listing in 6-12 months or so.
Second, in terms of valuation, the Hongkong market has a high degree of acceptance to mainland finance, new energy and consumer goods industry. The valuation is almost close, and a lot of cases in which the valuation of the mainland A shares are higher than that of the mainland, mainly in the banking, insurance, new energy, software and other industries.
Third. After listing, it will improve the international image of the company, publicize and promote the company's business in the international capital market with the help of the listing process. It will help to open up the global market and expand the higher level business.
Fourth, through the international business platform, it helps the company absorb world-class talents.
Fifth, the regulators, investors and the media in Hongkong have high requirements for the corporate control and internal control of listed companies, which will promote the management level of the listed companies and benefit the shareholders and management of the company for a long time.
Two. The convenience after the market
First, Hongkong's post listing refinancing is very convenient, usually the shareholders' meeting authorizes the board of directors without additional administrative examination and approval.
Second, the financing means that can be used in Hongkong are very numerous, including placement, stock rights, convertible bonds, warrants, high interest debt, leveraged financing and so on. In fact, in Hongkong capital market, in addition to a few years, the scale of refinancing of listed companies has exceeded the scale of the first public offering, which highlights the convenience of refinancing and provides a broad business space for the excellent enterprises.
Third, the controlling shareholders' period of sale is only 6 months, which is much shorter than the 3 year ban period of A shares.
Fourth, the convenience of merger and acquisition. Hong Kong listed companies's use of stock as a tool for mergers and acquisitions is relatively common, and is market-oriented operation, without administrative examination and approval. If we use the platform of Hong Kong listed companies to carry out international M & A, its convenience is better than that of A share company platform involving cross border examination and approval.
Fifth, Hong Kong listed companies received extensive and senior research coverage from international institutional investors and analysts. Through close contacts with international investment banks and international investors, we can provide a more international perspective for the company.
Sixth, do not levy dividends and any profits from selling shares.
Seventh, free from foreign exchange control and free flow of funds.