1999～2012年我国民营企业境外上市的总结与未来展望  

Summary and Prospect of Chinese Private Enterprises Overseas Listing in 1999-2012

作　　者：王仰光[1] 马耀坤[2] 

机构地区：[1]山东财经大学法学院,山东济南250014 [2]韩国庆熙大学经管学院

出　　处：《湖北经济学院学报》2013年第2期21-25,共5页Journal of Hubei University of Economics

基　　金：教育部规划基金项目(12YJA820073)

摘　　要：1999～2012年中国民营企业境外上市展现出两方面的特点:境外上市企业的绝对数量逐渐增多,但呈现出波浪式发展的态势;境外上市地点主要集中于香港地区、美国和新加坡等交易所,但是体现出逐步扩展的趋势。民营企业境外上市绝对数量的增加以我国经济特别是私营经济的快速发展为基础;民营企业境外上市的发展呈现出波浪式发展态势主要与境内外融资市场的状况及法律规制相关;外资PE、VC是推动民营企业境外上市的主要力量;民营企业境外上市地点集中主要与各交易所上市交易规则及行业估值的差异有关;民营企业境外上市地点的分散与企业的国际化有关。预测在未来,民营企业境外上市的绝对数量会随着我国经济的发展而增加,而上市地点在集中的前提下会进一步扩展。There are two features of Chinese private Enterprises overseas listing in 1999-2012,although it is growing in number gradually,showing the wave mode;the listing location centralizes exchange of HONGKONG,USA and Singapore,but it expands to other place.The number growth is based on the rapid development of our economic,especially the private economy.The wave mode is related with the situation of financing market in China and overseas and regulation of law.Foreign PE and VC mainly promote the overseas listed.Because of the exchange listing rules and industry valuation differences,the overseas listing is concentrating the HONGKONG,USA and Singapore,but it expands other exchange.In the future we conclude： the growth of our economy will push more Chinese private enterprises overseas listing,the HONGKONG,USA and Singapore is the mainly place,but it will expand into other foreign exchange.

关 键 词：民营企业 境外上市 融资市场 

分 类 号：F830.91[经济管理—金融学]