本文選題：借殼上市　切入點：殼資源　出處：《上海交通大學》2014年碩士論文　論文類型：學位論文

【摘要】：上市公司重大資產(chǎn)重組是企業(yè)做強、轉(zhuǎn)型、扭虧、保牌的常見手段,其中最為特殊的一類重組是借殼上市。在我國資本市場,借殼上市由來已久,但一直沒有制訂類似IPO這樣的專門監(jiān)管規(guī)章,只在2006年和2008年,針對證券公司和房地產(chǎn)企業(yè)借殼上市,出過專項的審核要求。直到2011年8月,中國證監(jiān)會修訂重大資產(chǎn)重組管理辦法,才首次提出借殼上市標準,2013年11月,進一步明確借殼上市條件與IPO等同。本文闡述了我國資本市場借殼制度的演變歷程,對殼資源的典型特征做了深入分析,重點研究了借殼費用的支付方式,同時對規(guī)避借殼紅線的重組行為進行剖析,總結(jié)了4種常見模式。本文最后結(jié)合中國證監(jiān)會2014年10月15日頒布的新退市制度,以及將要推行的IPO注冊制,對借殼上市前景做了簡要思考。
[Abstract]:Major assets reorganization of listed companies is a common means for enterprises to strengthen, transform, turn losses, and protect brand names. Among them, the most special kind of reorganization is backdoor listing. In our capital market, backdoor listing has a long history. But there have been no specific regulatory rules like IPO. Only on 2006 and 2008, there were specific audit requirements for backdoor listings of securities firms and real estate companies. Until August 2011, The CSRC revised the management method of major assets reorganization, and proposed the standard of backdoor listing for the first time. In November 2013, it was further clear that the condition of backdoor listing was equal to that of IPO. This paper expounds the evolution course of backdoor borrowing system in China's capital market. In this paper, the typical characteristics of shell resources are deeply analyzed, and the payment methods of shell borrowing expenses are emphatically studied. At the same time, the recombination behavior of circumventing the shell red line is analyzed. This paper summarizes four common models. Finally, combining with the new delisting system promulgated by CSRC in October 15th 2014 and the IPO registration system to be implemented, the prospect of backdoor listing is briefly considered.
【學位授予單位】：上海交通大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.51

【共引文獻】

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本文編號：1622536