我国证券交易所获取外国上市资源的竞争能力分析

The Analysis on Stock Exchanges' Competitiveness of Attracting Foreign Companies in China

境外公司境内上市是我国股票市场国际化发展和建立国际金融中心的必然要求。为了分析我国证券交易所获取外国上市资源的竞争能力,文章运用证券交易所竞争能力的影响因素建立实证模型,并以此预测我国证券交易所争夺境外上市资源的竞争能力。根据我国当前宏观环境和证券交易所条件等预测发现,平均可容纳49家外国公司到我国证券交易所上市,最多可容纳322家境外公司,接近在纳斯达克上市的外国公司数量。

To attract foreign companies listing in domestic markets is the necessary requirement of the internationalization of stock markets and the establishment of an international financial center in China. Using the influencing factors of stock exchanges＇ competitiveness, this paper establishes an empirical model to forecast stock exchanges＇ competitiveness of attracting foreign companies in China. The forecast based on current macro environ- ment and the conditions of stock exchanges shows that stock exchanges in China could accommodate the listing needs of 49 foreign companies on average, and the ones of 322 foreign companies in the best case, which is close to the number of foreign companies listing in NASDAQ.