外国公司A股市场上市的条件分析

Current Immaturity to Let Foreign Companies List on China’s A Share Market

现阶段由于中国股市尚未实现全流通,造成股票高发行价、高市盈率等现象;人民币资本项目没有放开,现行名义汇率与实际汇率仍存在较大差距,人民币存在强烈升值预期,美元计价资产被高估。现阶段外国企业A股市场上市的条件仍不成熟,只有解决股市全流通问题、放开人民币汇率管制后,外国企业的上市问题才能提上议事日程。

Nowadays, China＇ s A share market has not enabled all shares to be tradable, as a result, the high issue price and high price-earning ratio occur. Chinese government has not allowed RMB＇ s capital items to be freely exchanged, and there is still a big gap between the nominal exchange rate and the true exchange argued that it＇ s still not the right time to let foreign companies list on our A share market. Only become tradable on our A share market and RMB exchange rate is deregulated can we put this item on rate. Thus, it is when all shares the agenda.