摘要
据不完全统计表明，截至2004年底，内地共有296家企业到香港、美国、新加坡交易所境外上市。总市值达3492．04亿美元，而同期深沪两地交易所1377家上市公司的流通市值折合美元才1413．38亿元，境外市场已是内地市场的2．47倍。目前，境外上市已是中小企业融资的重要途径之一。
本文将就境外上市的基本情况，尤其是近期较马热门的外汇管制问题展开讨论。
Incomplete statistics show that by the end of 2004, a total of 296 enterprises based in the Chinese Mainland had had themselves listed on overseas securities exchanges in Hong Kong, the United States and Singapore, with their listed stocks valued at 349. 204 billion U.S. dollars. But by the same time, the liquid stocks of the 1,377 companies listed on the securities exchanges in Shenzhen and Shanghai in the Mainland had been valued at an equivalent of 141,338 billion U.S. dollars. Obviously, the value of the liquid stocks of Chinese enterprises listed on overseas securities exchanges were 2.47 times the value of the liquid stocks of those listed on domestic securities exchanges. Presently, listing on overseas securities exchanges is one of the major fund-raising approaches adoptable by small and medium-size enterprises in the Mainland. This article has been written to discuss basic issues concerning overseas listing, particularly the issue of foreign exchange control over overseas listing that has become a relatively hot topic of discussion recently.
