Legal Issues Related to the Cross-boarder Listing of the Mainland China and Taiwan-- Focus on the VIE model

• Main Authors: JI，MENG-YAO, 紀夢瑤
• Other Authors: Kuo, Tu-Mu
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/9884bt

碩士 === 輔仁大學 === 財經法律學系碩士班 === 106 === Nowadays, with the continuous development of economic globalization, more and more enterprises are listed on overseas stock exchanges in order to increase the amount of financing and speed up the financing. For example, overseas capital markets mainly selected by the enterprises in the mainland of China are the United States, Hong Kong and Singapore. Overseas listings are classified into overseas direct listings, indirect listings and the VIE (Variable Interest Entities) model mentioned in this article.     The reason for the existence of the VIE model is because of the unique policy-related reasons in the Mainland China, which make some special-sector industries unable to obtain financing directly from overseas. Therefore, they adopted a series of agreements to control the listing and financing of overseas listing. Up to now, the VIE model has been listed for more than sixteen years.     Through the discussion of this article and the retrospection of domestic and foreign academic treatises, I hope to make a comprehensive reference to the current legislation and the current situation of financial capital market, to make normative suggestions for the selection, merits and shortcomings of overseas listed companies of different scale enterprises. Under the current situation, the VIE model will be listed overseas and the feasibility of the cabinet enterprises returning to the domestic main board. Finally, to introduce foreign capital to domestic capital market, to active domestic capital market, and to make valuable suggestions to legislation.