Der Börsengang in China

The Chinese government has a long tradition of limiting the number of Initial Public Offerings (IPO) on its domestic stock markets. It is regarded as an open secret that state-owned enterprises receive preferential treatment in terms of IPO approval. This book provides a comprehensive overview over the specific legal requirements that companies need to fulfill to get a listing permission for the respective market segments of the national stock exchanges in Shanghai and Shenzhen. Each relevant step during IPO preparation will be discussed in detail as well as the role of the respective supporting parties (i.e. sponsors and underwriters). Furthermore, the author included a discussion on the sensitive topic of information disclosure obligations and liability. Additionally, an up-to-date insight will be provided regarding the legal framework for a listing on the new over-the-counter (OTC) market for small and medium enterprises that was established in 2013.