Quanzhou Shoe And Clothing Enterprises Are Becoming More And More Popular In Hong Kong.
Yesterday, "investing in Hongkong's deep line - Quan Zhou Railway Station" was held in Quanzhou. Authoritative sources from the Hongkong stock exchange revealed that the Listing Rules of HKEx gem have been revised, and Quanzhou private enterprises, mainly small and medium-sized enterprises, will be more convenient to enter the stock market in Hongkong than in the past.
规则修订门槛放低
It is understood that the Hong Kong exchange board and the two plate of the GEM board, the main board on the main board of enterprises are larger, the foundation is better and in line with the profit or other financial standards of the company; the other is the gem, the current GEM listed in the private enterprises, the market value of less than 500 million Hong Kong enterprises have accounted for 39%. "Enterprises listed on the Hong Kong Stock Exchange gem can be enterprises without profit." Mr. Zhong Chuangxin, special representative of the Beijing Representative Office of the Hong Kong Exchanges and Clearing Ltd, said Mr. Guangzhou.
According to its disclosure, after revision, the gem has no longer required enterprises to have substantive business and potential in listing financial vouchers. Instead, it only requires the total cash flow of the business in the last two complete financial years to be greater than or equal to HK $20 million. Managers in the last two financial years should remain largely unchanged, and the market value of Listed Companies in Hongkong should be greater than or equal to HK $100 million. At the same time, companies listed on the gem must only be approved by the listing department, which must be approved by the GEM Listing Committee. When XTEP first went public in Hongkong, it took only ten months from the application to the last issue of stock financing.
Zhong Chuangxin introduced that when the enterprises became bigger and stronger, they wanted to switch from the HKEx gem to the motherboard. The old rules required the two steps to remove the cards from the gem, and then the new listing on the motherboard. Now it has also been simplified. As long as the enterprises adopt the new method of listing the main board, they will be pferred directly from the gem to the motherboard.
Financing and visibility win win
Under the current global financial crisis, the shortage of funds is a common problem for Quanzhou enterprises. but ANTA Sports Products Limited "A lot of enterprises are talking about" winter ", but we are not worried because we have enough" grain and grass ". In July 11, 2007, Anta was in Hongkong deal A total of more than 30 billion has been raised, and we still have 3 billion funds available in our hands.
Ding Shuibo, President of XTEP (China) Co., Ltd. XTEP Through listing on the Hongkong stock exchange, it raised more than 20 billion dollars, and it has enough reserves to cope with the current global financial crisis. Insiders said that compared with the traditional indirect financing to banks, enterprises should be bigger and stronger if they want to go bigger and stronger. In response, Huang Haiyun, assistant director of the Hongkong Special Administrative Region Government Investment Promotion Agency, said that mainland enterprises want to go out through Hongkong. Apart from building companies and opening branches in Hongkong, a very important way is to raise funds through listing in Hongkong. She believes that Hongkong as a global metropolis, the financial market is more concerned about the international buyers. In Hong Kong stock market, it can virtually promote and enhance the visibility of the mainland's corporate brand in the world.
It is understood that Hongkong stock market has developed a relatively perfect regulatory system due to its long development time: the number of annual reports is very frequent, and the financial system requirements of enterprises are very strict. This makes the owners of Quanzhou enterprises listed on the HKEx for the first time very unaccustomed. Ding Shuibo also felt deeply about this, but he later thought that this would bring great pressure to the operation of enterprises, and promote the development of enterprises to the standardized development path.
泉企打响“福建板块”
What preparations do we need to prepare for the Quanzhou enterprises listed on the Hong Kong Stock Exchange in the future? Zhong Chuangxin suggested that when enterprises apply for listing, they will spend more time in the financial aspect, which involves the handling of company assets and the confirmation of property rights. If enterprises begin to do preparatory work in this area, the application time will be greatly reduced.
Zhong Chuangxin suggested that enterprises can do the work of equity restructuring now. First, we should find an accounting firm to discuss the ownership structure of the company, because this will involve the company's ability to trace back to the past and whether the company has legitimate and reasonable tax payment certificates. In his view, most companies will have such problems before going public. "These problems can be solved through effective ways, but they only cost time and the cost of enterprises." He said that if the enterprise was prepared earlier, it would save time and money at that time.
It is understood that from 1998, led by Heng An International Quanzhou After the first wave of private enterprises listing in Hongkong, the Fujian stock market has already formed an influential "Fujian plate". In Hong Kong stock market, there are 50 listed companies with a background of HK $15 billion, which ranks among the top provinces and cities in the mainland. According to people concerned, Quanzhou's private enterprises are second to none in Fujian's enterprises. With more SMEs going to the Hong Kong stock exchange, Quanzhou's whirlwind will get stronger and stronger.
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