Summary: | 碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 95 === In this research, we analysis the difference of listing terms and characteristic between Taiwan, Hong Kong and Mainland China stock market as referring to Taiwan small and medium-sized enterprise investing in Mainland China(”The Companies”) for choosing which stock market is better going for IPO and to Taiwan government making constitution of impelling The Companies choosing Taiwan as listing stock market.
As the result, under the regulation the investment amount of The Companies to Mainland China cannot be more than 40% of net value, the best choice to go for IPO is Taiwan stock market if The Companies’ investment amount do not excess the referred percentage. Otherwise, Hong Kong stock market is the better choice. As for stock market of Mainland China, it is just adaptable to The Companies focus on domestic market in Mainland China.
The result also implied that without the regulation mentioned above, Taiwan stock market is still the best choice for The Companies go for IPO, especially for IT and IC industry. In the future, deregulating is the best approach if Taiwan government wants to impel The Companies goes for IPO in Taiwan stock market.
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