Bear Market Listing Reserve Shoe Enterprises How To Do

Topic: last week, the financial tsunami intensified, and global stock market suffered a black week.

The Jones index of the US stock market dropped more than 15% in the first four trading days of last week, and the Japanese stock market fell by 24%. The Hang Seng Index in Hongkong dropped by more than 15% in the week.

Global market value evaporated 6 trillion dollars in just a week, and the global stock market went through a "black week".

So far this year, the market value of global stock market has evaporated over 25 trillion US dollars.

In the face of turbulence in the capital market, some listed companies in Jinjiang have slowed down or even suspended their listing process.

Are these companies doing the right thing?

In the face of bear market, what can we do to minimize the impact of the environment?

In this issue, we have invited the leaders of Jinjiang listing office, experts in capital operation and relevant listed companies in Jinjiang to discuss the above issues.

Guest name card: Liu Xiangyang, deputy director of Jinjiang Economic Development Bureau and deputy director of the listing office, Ni Zhongsen, chairman of Hengrun Financial Consultancy Co., Ltd., Ni Zhongsen, three, director of the Department of shoe industry limited, Ding Hua bear, reporter: under the current stock market downturn, many listed companies have slowed down the listing process.

Do you think this method is feasible?

Ni Zhongsen: slowing down the listing process does not mean interrupting the listing process.

The listed companies should understand that capital market is their ultimate destination.

The listing process can be slowed down, but the corresponding preparatory work still needs to be done.

Although no one can accurately predict how long this trough will last, it may be a year or two, or it may be longer.

As a listed reserve enterprise, if we can do what we should do at this time, we can seize the opportunity to enter the capital market until the stock market gets warmer.

Liu Xiangyang: the reason why companies think this way is largely due to the fact that enterprises do not have a comprehensive understanding of the effects brought about by the listing. They should not only look at the financing effects brought about by the listing, but also see the incentive effect and brand effect brought by listing to enterprises.

The cyclical trough of capital market is normal and can not be held at a distance from the capital market.

From a series of policies recently published by the state, the government has a clearer attitude towards the capital market: we hope to maintain stability in the capital market.

For the listed reserve enterprises, if we accumulate energy at this time and wait for the time when the time comes, we will be able to receive good results.

Reporter: under current circumstances, what can be done in advance?

Ni Zhongsen: in the low tide of capital market, enterprises have a lot of things to do.

For example, the improvement of company management and the payment of taxes.

Many listed companies now have a bad habit: concentrating their votes within two or three years before the listing.

As a matter of fact, this practice is very inappropriate.

With the gradual improvement of the capital market, investors will become more rational.

If the listed companies in the past two or three years increase the amount of tax, it will surely arouse the suspicion of investors: is your company so eager to go public that it is purely about the capital market?

Therefore, in the current low tide period, enterprises can draw up a more detailed plan.

Especially in finance, it is necessary to spread the tickets that need to be allocated to each year, so that it will not be too abrupt.

Liu Xiangyang: the stock market downturn does not mean that there is nothing to be done in the process of listing.

Listing is a long-term and systematic work. If the enterprise first completes the basic work in this period, when the market is good, the listing will come naturally.

In fact, in Jinjiang's listed companies, plum umbrella is a good case.

In the last bear market downturn in 2005, Mei did not stop listing, and finally seized the bull market in 2007.

Ding Huaxiong: objectively speaking, the bear market is greatly restricting the development of the listed reserve enterprises.

Under such a big economic situation, the three sta footwear industry is coping with bear market with "no urgent listing", slowing down the pace of listing.

At present, the most important work we are doing is to rectify and perfect the financial system.

Because we are family businesses, some places are not very well managed. We can take this time to reform the management system and separate the management rights and ownership of the enterprises from a more standardized modern business operation.

After we have done all these work, we will wait for the opportunity. When the time is ripe, we will go public.