国际板市场发展的境内外经验借鉴及策略研究

Reserch on the domestic and foreign experiences of International Board development and countermeasures in China

推出国际板不仅在于提高我国资本市场的国际化程度、加快建设国际金融中心的步伐,也是全球范围内发现和吸纳优质经济资源的重要举措。为了使国际板市场能够顺利建立并健康持续发展,我国既要避免国内资本市场的现有问题延续到国际板市场,也要充分汲取境外国际板市场建设和发展的经验。据此,本文在国际板的推进步伐、退出机制、IPO制度、跨境监管、信息披露、上市成本控制、跨境资本流动管理、金融避险能力等八个方面对我国国际板市场建设提出了对策建议。

International Board can not only improve China＇ s capital market internationalization degree, speed up the pace of the construction of the international financial center, but also is the important action of absorbing high quality global economic resources. In order to make International Board Market development sustainable, our country not only avoids existing problems of the domestic capital market influencing International Board Market, also needs absorb the development experience of overseas International Board Market. Accordingly, in this paper, we propose eight countermeasures, these are the pace of International Board, exit mechanism, IPO system, trans - territorial supervision, the information disclosure, listed cost control, cross -border capital flows management, financial hedge ability.