Task Background:

Our private medium and small enterprises have had long-range development since the reform and opening. However, in global nowadays, the problems in their development process have been one and other. The enterprises are facing many difficulties: the first difficulty concerned is financing; the second one is to establish sophisticated enterprise system;

In recent years though our country has had dozens of private medium and small enterprises going public in America and has got good effect. However, IPO and going public through reverse merger overseas is still in the preliminary stage for these private medium and small enterprises. So to learn operating rules of international capital market by going public overseas becomes the important way for the enterprises’ sustainable development. In order to giving private medium and small enterprises immediate help practically and effectively, and to make them better solve the bottleneck problem of capital and to possess stronger competition in the tide of market economy, the State Council Development Research Center founded the “Going public overseas for medium and small enterprises in our country” Task particularly. From June 2002 to June 2003, experts team are organized to begin the discussion work about private medium and small enterprises’ going public. The task group made extensive and deep discussion on the present situation of our medium and small enterprises, going public demand, the applicability of overseas capital market for the medium and small enterprises, going public approval conditions, transaction rules, transaction cost and so on.

Task Objective:

Provide advantageous directional advice for Chinese private medium and small enterprises to go public overseas; provide strategic consultancy and advice for relevant departments of the country and local authorities.