• 微博
  • 微信微信二维码

广东省人民政府首页  >  要闻动态  >  广东要闻

港股上市制度大改革:一场胡服骑射式的求生之变

来源: 南方日报网络版     时间: 2019年08月18日 17:58:45
【字体:

菠菜代理一般返水多少平台直招龙虎代理客服QQ【3514565791】诚招代理【在线开户网址um996.com】龙虎和龙虎1赔2.211合1赔9.95,定位胆1赔9.95腾讯分分彩,5分,10分彩,最高返水100反9快,最高赔率,正规信誉大平台平台24h提供注册及登录。港股上市制度大改革:一场胡服骑射式的求生之变

Deltastock:欧元、日元、英镑交易策略 致2018:以梦为马 不负韶华 夜读:给时光以生命 【国君非银刘欣琦团队】定增落地确立均瑶控股,经营发展步入新轨道爱建集团(600643)2017年业绩预增点评 A股、港股地产板块继续疯狂,这场盛宴还有多少肉可吃? 奖金一天430万!竞答类“吃鸡游戏”打响烧钱大战,能拯救直播业吗? 金元顺安、东吴、长安旗下三只基金连续多季度十大重仓股高度雷同,碰巧还是串谋? 万达电影重组新剧情:纳“新欢”新媒诚品,弃“旧爱”传奇影业 这些城市限购 “松动”了!但你如果想借机炒房是不可能了…… 违规聘任高管被罚、业绩不尽人如意,安心财险怎么了? 中超联赛新规U23亚洲杯迎大考 耻辱6连败首要目标是1分 惠若琪踩高跟,更显妩媚!中国女排第15任队长,将开启人生新模式 首份券商年报出炉:中航证券经纪、投行冰火两重天 反差!张本智和刚被日乒确定一哥位置,许昕却可能被调出主力阵容 谈股论金|逼空行情已现,继续推荐周期、地产板块

(李)(小)(加)(也)(在)(阿)(里)(上)(市)(后)(回)(应)(:“为)(阿)(里)(巴)(巴)(祝)(福)(,也)(同)(时)(为)(香)(港)(感)(到)(自)(豪)(,因)(为)(我)(们)(坚)(持)(了)(香)(港)(法)(治)(社)(会)(的)(原)(则)(,并)(不)(会)(为)(短)(期)(利)(益)(而)(牺)(牲)(长)(远)(利)(益)(。”
然)(而)(,在)(这)(5年)(间)(,新)(科)(技)(和)(新)(经)(济)(已)(经)(成)(为)(驱)(动)(世)(界)(经)(济)(发)(展)(的)(新)(浪)(潮)(,李)(小)(加)(也)(多)(次)(在)(公)(开)(场)(合)(表)(示)(,香)(港)(错)(过)(了)(一)(两)(个)(大)(的)(IPO,于)(是)(大)(家)(开)(始)(认)(真)(地)(思)(考)(香)(港)(应)(该)(如)(何)(与)(时)(俱)(进)(、如)(何)(巩)(固)(自)(己)(独)(特)(的)(国)(际)(金)(融)(中)(心)(的)(优)(势)(。
彭)(博)(数)(据)(显)(示)(,过)(去)(10年)(在)(港)(上)(市)(的)(新)(经)(济)(行)(业)(公)(司)(仅)(占)(香)(港)(证)(券)(市)(场)(总)(市)(值)(的)(3%,而)(纳)(斯)(达)(克)(、纽)(交)(所)(以)(及)(伦)(交)(所)(这)(一)(比)(例)(分)(别)(为)(60%、47%和)(14%。
证)(券)(时)(报)(记)(者)(查)(询)(港)(交)(所)(之)(前)(的)(咨)(询)(文)(件)(,发)(现)(其)(中)(提)(到)(一)(组)(数)(据)(:116家)(在)(美)(国)(作)(为)(第)(一)(上)(市)(的)(内)(地)(公)(司)(中)(,只)(有)(33家)(公)(司)(采)(用)(了)(同)(股)(不)(同)(权)(的)(架)(构)(,占)(比)(28%左)(右)(,但)(是)(合)(计)(市)(值)(高)(达)(5600亿)(美)(元)(,占)(所)(有)(美)(国)(上)(市)(内)(地)(企)(业)(市)(值)(的)(84%,相)(当)(于)(香)(港)(市)(场)(总)(市)(值)(的)(15%。
反)(思)(之)(后)(的)(改)(变)(
如)(今)(,不)(愿)(再)(失)(去)(下)(一)(个)(BAT的)(香)(港)(在)(反)(思)(之)(后)(,率)(先)(作)(出)(改)(革)(。在)(香)(港)(主)(板)(,接)(受)(同)(股)(不)(同)(权)(企)(业)(上)(市)(,对)(于)(互)(联)(网)(科)(技)(企)(业)(无)(疑)(是)(重)(磅)(利)(好)(。此)(外)(,港)(交)(所)(还)(将)(设)(立)(新)(的)(第)(二)(上)(市)(渠)(道)(,吸)(引)(业)(务)(成)(熟)(、至)(少)(过)(去)(两)(年)(在)(合)(格)(交)(易)(所)(上)(市)(并)(有)(良)(好)(合)(规)(记)(录)(、及)(在)(香)(港)(第)(二)(上)(市)(预)(期)(市)(值)(最)(少)(100亿)(港)(元)(的)(新)(兴)(及)(创)(新)(产)(业)(发)(行)(人)(来)(港)(。
这)(意)(味)(着)(,就)(连)(阿)(里)(巴)(巴)(都)(有)(机)(会)(再)(度)(回)(归)(港)(股)(,且)(不)(需)(从)(美)(国)(退)(市)(就)(能)(将)(香)(港)(作)(为)(第)(二)(上)(市)(地)(。
“过)(往)(,同)(股)(同)(权)(被)(称)(为)(香)(港)(证)(券)(市)(场)(的)(核)(心)(价)(值)(,坦)(白)(而)(言)(,今)(天)(香)(港)(交)(易)(所)(作)(出)(的)(改)(变)(是)(为)(了)(延)(续)(生)(存)(,为)(了)(追)(回)(失)(落)(的)(时)(光)(。这)(次)(改)(革)(,是)(香)(港)(交)(易)(所)(在)(1993年)(接)(纳)(H股)(上)(市)(后)(,涉)(及)(上)(市)(规)(则)(的)(最)(大)(改)(革)(,有)(利)(于)(强)(化)(香)(港)(作)(为)(中)(国)(国)(际)(金)(融)(中)(心)(的)(地)(位)(。”温)(天)(纳)(表)(示)(。
而)(在)(拓)(宽)(香)(港)(上)(市)(制)(度)(拟)(定)(的)(发)(展)(方)(向)(除)(了)(同)(股)(不)(同)(权)(以)(外)(,也)(允)(许)(尚)(未)(盈)(利)(或)(者)(没)(有)(收)(入)(的)(生)(物)(科)(技)(公)(司)(来)(香)(港)(上)(市)(。
具)(体)(来)(说)(,同)(股)(不)(同)(权)(,主)(要)(针)(对)(的)(是)(科)(技)(类)(公)(司)(,且)(最)(低)(上)(市)(市)(值)(要)(求)(达)(100亿)(港)(元)(,若)(市)(值)(低)(于)(400亿)(元)(,需)(录)(得)(10亿)(元)(收)(入)(。因)(此)(,预)(期)(只)(有)(发)(展)(较)(成)(熟)(及)(知)(名)(度)(高)(、已)(受)(公)(众)(关)(注)(的)(公)(司)(才)(符)(合)(资)(格)(申)(请)(上)(市)(。
另)(外)(没)(有)(收)(入)(的)(生)(物)(科)(技)(公)(司)(如)(果)(根)(据)(未)(来)(的)(新)(规)(则)(上)(市)(,可)(能)(最)(低)(市)(值)(需)(要)(达)(到)(15亿)(元)(,之)(所)(以)(港)(交)(所)(会)(选)(取)(生)(物)(科)(技)(公)(司)(作)(为)(拓)(宽)(市)(场)(准)(入)(给)(初)(创)(公)(司)(的)(第)(一)(步)(,是)(因)(为)(生)(物)(科)(技)(公)(司)(的)(业)(务)(活)(动)(很)(多)(事)(受)(到)(药)(监)(局)(监)(管)(的)(,也)(需)(要)(各)(种)(临)(床)(阶)(段)(的)(测)(试)(,如)(此)(即)(使)(没)(有)(收)(入)(或)(者)(没)(有)(盈)(利)(,仍)(然)(可)(以)(给)(投)(资)(者)(一)(个)(对)(公)(司)(估)(值)(的)(参)(考)(框)(架)(。
一)(个)(比)(较)(典)(型)(的)(案)(例)(则)(是)(百)(济)(神)(州)(。公)(开)(资)(料)(显)(示)(,该)(公)(司)(致)(力)(于)(新)(型)(分)(子)(靶)(向)(药)(与)(肿)(瘤)(免)(疫)(药)(研)(发)(治)(疗)(领)(域)(,且)(是)(首)(个)(赴)(美)(上)(市)(的)(中)(国)(创)(业)(型)(生)(物)(制)(药)(企)(业)(。翻)(阅)(其)(上)(市)(以)(来)(财)(报)(显)(示)(,百)(济)(神)(州)(在)(2013年)(~2016年)(度)(,净)(利)(润)(均)(处)(于)(亏)(损)(状)(态)(,亏)(损)(额)(分)(别)(为)(4569.02万)(元)(、11184.31万)(元)(、37079.75万)(元)(、82700.83万)(元)(,截)(至)(2017年)(三)(季)(度)(,才)(勉)(强)(盈)(利)(4126.82万)(元)(,且)(在)(营)(业)(支)(出)(方)(面)(是)(远)(大)(于)(营)(业)(收)(入)(的)(,但)(是)(其)(研)(发)(费)(用)(呈)(现)(每)(年)(增)(长)(状)(态)(,到)(2017年)(三)(季)(度)(,其)(研)(发)(费)(用)(支)(出)(达)(到)(11.79亿)(元)(。
公)(司)(虽)(然)(鲜)(有)(收)(入)(,烧)(钱)(无)(数)(,但)(是)(因)(为)(研)(发)(推)(进)(顺)(利)(,又)(和)(美)(国)(生)(物)(制)(药)(公)(司)(新)(基)(签)(了)(一)(项)(资)(产)(置)(换)(和)(投)(资)(合)(作)(,同)(样)(会)(受)(到)(资)(本)(市)(场)(青)(睐)(,股)(价)(表)(现)(亮)(丽)(,今)(年)(股)(价)(翻)(了)(好)(几)(倍)(,目)(前)(市)(值)(为)(44.71亿)(美)(元)(。
事)(实)(上)(,自)(港)(交)(所)(改)(革)(消)(息)(公)(布)(后)(,从)(2017年)(9月)(份)(开)(始)(已)(有)(几)(家)(中)(国)(科)(技)(公)(司)(选)(择)(赴)(港)(上)(市)(。9月)(28日)(众)(安)(保)(险)(在)(香)(港)(挂)(牌)(上)(市)(,11月)(8日)(,腾)(讯)(旗)(下)(的)(阅)(文)(集)(团)(在)(港)(交)(所)(上)(市)(,11月)(16日)(,汽)(车)(金)(融)(公)(司)(易)(鑫)(集)(团)(香)(港)(上)(市)(。
拥)(抱)(独)(角)(兽)(
过)(去)(20几)(年)(,中)(国)(经)(济)(最)(耀)(眼)(的)(莫)(过)(于)(互)(联)(网)(崛)(起)(,腾)(讯)(、阿)(里)(巴)(巴)(、百)(度)(、京)(东)(……成)(为)(了)(中)(国)(经)(济)(最)(有)(活)(力)(的)(部)(分)(,然)(而)(,从)(中)(国)(走)(出)(去)(的)(这)(些)(明)(星)(科)(技)(企)(业)(,最)(后)(都)(不)(是)(在)(内)(地)(上)(市)(也)(甚)(少)(在)(香)(港)(上)(市)(。
如)(今)(双)(管)(齐)(下)(,香)(港)(主)(板)(不)(但)(接)(受)(同)(股)(不)(同)(权)(企)(业)(上)(市)(,还)(允)(许)(尚)(未)(盈)(利)(或)(没)(有)(收)(入)(的)(生)(物)(科)(技)(公)(司)(来)(香)(港)(上)(市)(,这)(将)(会)(改)(变)(香)(港)(的)(生)(态)(。
深)(圳)(诺)(优)(资)(产)(管)(理)(有)(限)(公)(司)(投)(资)(总)(监)(何)(天)(仲)(向)(记)(者)(表)(示)(,科)(网)(初)(创)(公)(司)(来)(港)(上)(市)(的)(最)(大)(障)(碍)(已)(被)(扫)(除)(,香)(港)(市)(场)(未)(来)(有)(望)(捕)(获)(多)(只)(中)(资)(“独)(角)(兽)(”公)(司)(,VC/PE的)(目)(光)(也)(都)(聚)(焦)(在)(香)(港)(。
以)(小)(米)(为)(例)(,成)(立)(于)(2010年)(的)(小)(米)(,一)(共)(完)(成)(了)(6轮)(融)(资)(,投)(资)(方)(众)(多)(,包)(括)(晨)(兴)(创)(投)(、启)(明)(创)(投)(、IDG资)(本)(、淡)(马)(锡)(、DST、云)(锋)(基)(金)(等)(数)(十)(家)(VC/PE机)(构)(,在)(最)(新)(的)(一)(轮)(融)(资)(中)(,小)(米)(站)(上)(了)(450亿)(美)(元)(的)(估)(值)(。
2017年)(12月)(,据)(媒)(体)(报)(道)(称)(,小)(米)(已)(在)(北)(京)(挑)(选)(上)(市)(投)(行)(,暂)(时)(倾)(向)(在)(港)(上)(市)(,有)(机)(会)(为)(香)(港)(引)(入)(“同)(股)(不)(同)(权)(”后)(打)(响)(头)(炮)(。
温)(天)(纳)(向)(记)(者)(表)(示)(,今)(年)(一)(季)(度)(香)(港)(可)(能)(推)(进)(同)(股)(不)(同)(权)(的)(细)(则)(落)(实)(,小)(米)(应)(该)(也)(会)(积)(极)(考)(虑)(以)(同)(股)(不)(同)(权)(的)(架)(构)(方)(式)(上)(市)(,预)(计)(下)(半)(年)(将)(会)(掀)(起)(科)(技)(股)(赴)(港)(上)(市)(的)(第)(一)(轮)(高)(潮)(。
还)(有)(去)(年)(12月)(21日)(,滴)(滴)(宣)(布)(完)(成)(新)(一)(轮)(超)(过)(40亿)(美)(元)(的)(融)(资)(,次)(轮)(投)(资)(方)(主)(要)(包)(括)(交)(通)(银)(行)(、招)(商)(银)(行)(、软)(银)(、银)(湖)(资)(本)(等)(,加)(上)(去)(年)(4月)(底)(的)(55亿)(美)(元)(融)(资)(,2017年)(滴)(滴)(获)(得)(了)(逾)(95亿)(美)(元)(的)(融)(资)(额)(,这)(是)(什)(么)(概)(念)(?据)(RenaissanceCapital的)(一)(份)(报)(告)(显)(示)(,在)(科)(技)(领)(域)(,2017年)(赴)(美)(IPO共)(37起)(,融)(资)(总)(计)(99亿)(美)(元)(。这)(意)(味)(着)(滴)(滴)(在)(2017年)(度)(的)(总)(融)(资)(额)(接)(近)(赴)(美)(上)(市)(科)(技)(企)(业)(的)(IPO总)(额)(。
截)(至)(目)(前)(,滴)(滴)(融)(资)(已)(近)(200亿)(美)(元)(,其)(估)(值)(已)(高)(达)(560亿)(美)(元)(,滴)(滴)(在)(中)(国)(互)(联)(网)(出)(行)(公)(司)(独)(角)(兽)(的)(地)(位)(已)(无)(出)(其)(右)(了)(。
李)(小)(加)(在)(其)(网)(志)(中)(表)(示)(,主)(板)(上)(市)(规)(则)(中)(新)(增)(的)(两)(个)(篇)(章)(以)(及)(新)(改)(的)(第)(二)(上)(市)(规)(则)(只)(是)(一)(个)(开)(始)(,近)(期)(已)(经)(收)(到)(了)(越)(来)(越)(多)(内)(地)(新)(经)(济)(公)(司)(有)(关)(来)(港)(上)(市)(的)(查)(询)(。
此)(外)(,2017年)(12月)(最)(后)(一)(个)(交)(易)(日)(,中)(国)(证)(监)(会)(高)(调)(宣)(布)(试)(行)(H股)(全)(流)(通)(。H股)(也)(称)(国)(企)(股)((这)(里)(是)(指)(国)(内)(企)(业)(,而)(不)(是)(国)(有)(企)(业)(),是)(经)(证)(监)(会)(批)(准)(,注)(册)(在)(内)(地)(,在)(香)(港)(市)(场)(上)(市)(,供)(境)(外)(投)(资)(者)(认)(购)(和)(交)(易)(的)(股)(票)(。发)(行)(H股)(的)(国)(内)(企)(业)(,除)(了)(其)(在)(香)(港)(上)(市)(的)(属)(于)(外)(资)(股)(性)(质)(的)(H股)(外)(,还)(有)(其)(在)(境)(内)(发)(行)(的)(以)(人)(民)(币)(标)(明)(面)(值)(,并)(以)(人)(民)(币)(认)(购)(的)(内)(资)(股)(。
而)(正)(常)(走)(H股)(上)(市)(途)(径)(的)(股)(票)(,在)(港)(交)(所)(流)(通)(的)(只)(有)(外)(资)(股)(,内)(资)(股)(是)(不)(能)(在)(港)(交)(所)(流)(通)(。虽)(然)(H股)(上)(市)(公)(司)(整)(理)(规)(模)(庞)(大)(,但)(由)(于)(占)(比)(极)(高)(的)(内)(资)(股)(不)(能)(在)(港)(股)(市)(场)(流)(通)(,实)(际)(在)(港)(股)(市)(场)(流)(通)(的)(H股)(规)(模)(仅)(占)(港)(股)(总)(流)(通)(市)(值)(的)(25%左)(右)(。
“内)(资)(股)(不)(能)(流)(通)(,人)(为)(造)(成)(股)(权)(分)(置)(问)(题)(,导)(致)(一)(些)(中)(小)(H股)(上)(市)(公)(司)(的)(流)(通)(量)(不)(足)(,如)(果)(按)(照)(现)(在)(内)(资)(股)(不)(能)(流)(通)(的)(情)(况)(,大)(大)(降)(低)(了)(企)(业)(融)(资)(效)(率)(。如)(今)(放)(开)(H股)(全)(流)(通)(,将)(会)(根)(本)(性)(的)(改)(善)(他)(们)(的)(流)(动)(性)(,推)(动)(这)(些)(公)(司)(未)(来)(股)(价)(重)(估)(。同)(时)(也)(调)(动)(起)(内)(地)(公)(司)(赴)(港)(上)(市)(的)(积)(极)(性)(,并)(将)(缓)(解)(A股)(目)(前)(比)(较)(大)(的)(扩)(容)(压)(力)(。”何)(天)(仲)(表)(示)(。
因)(此)(,在)(同)(股)(不)(同)(权)(的)(基)(础)(上)(,若)(再)(加)(上)(H股)(全)(流)(通)(,港)(股)(市)(场)(对)(中)(资)(新)(经)(济)(公)(司)(的)(吸)(引)(力)(将)(会)(进)(一)(步)(提)(升)(。
正)(如)(李)(小)(加)(所)(说)(,只)(有)(能)(够)(聚)(集)(新)(经)(济)(上)(市)(公)(司)(和)(懂)(得)(新)(经)(济)(投)(资)(者)(的)(国)(际)(金)(融)(市)(场)(,才)(有)(可)(能)(在)(急)(速)(变)(化)(的)(时)(代)(,占)(据)(新)(的)(领)(导)(地)(位)(。但)(是)(,香)(港)(目)(前)(的)(市)(场)(制)(度)(还)(只)(能)(聚)(集)(传)(统)(的)(货)(主)((上)(市)(公)(司)()和)(传)(统)(的)(钱)(主)((投)(资)(者)()。新)(经)(济)(和)(新)(科)(技)(对)(香)(港)(目)(前)(市)(场)(制)(度)(的)(适)(应)(性)(提)(出)(了)(直)(接)(挑)(战)(,但)(同)(时)(也)(为)(香)(港)(改)(善)(市)(场)(结)(构)(,提)(升)(国)(际)(竞)(争)(力)(提)(供)(了)(良)(机)(。
来)(源)(:证)(券)(时)(报)(返)(回)(搜)(狐)(,查)(看)(更)(多)(
责)(任)(编)(辑)(:
)


相关文章

版权所有:南方新闻网 粤ICP备05070829 网站标识码4400000131
主办:南方新闻网 协办:广东省经济和信息化委员会 承办:南方新闻网
建议使用1024×768分辨率 IE7.0以上版本浏览器