中国国土资源经济
中國國土資源經濟
중국국토자원경제
NATURAL RESOURSE ECONOMICS OF CHINA
2014年
4期
55-58
,共4页
矿业%双重上市%澳大利亚证券市场%澳交所
礦業%雙重上市%澳大利亞證券市場%澳交所
광업%쌍중상시%오대리아증권시장%오교소
mining industry%dual listing%Australian stock market%Australian Stock Exchange
澳大利亚证券市场矿业板块地位重要,诸多矿业公司在澳双重上市。澳交所矿业公司双重上市条件、要求和程序主要体现在标准上市和豁免上市两个法规体系,双重上市的费用包括交易所上市申请费、交易所年费、中介机构费用等,以及一些可能涉及的监管及法规体系。以BeaconHill资源公司标准上市为例,从证券市场国际化角度,我国应进一步加大探索上市公司赴海外双重上市的制度对接步伐;从跨国经营角度,中资矿企要参与全球资源竞争,必须在资本和跨金融市场层面奋力赶上。海外双重上市可实现跨国经营的市场化和证券化,有利于消除“走出去”过程中的资源民族主义。
澳大利亞證券市場礦業闆塊地位重要,諸多礦業公司在澳雙重上市。澳交所礦業公司雙重上市條件、要求和程序主要體現在標準上市和豁免上市兩箇法規體繫,雙重上市的費用包括交易所上市申請費、交易所年費、中介機構費用等,以及一些可能涉及的鑑管及法規體繫。以BeaconHill資源公司標準上市為例,從證券市場國際化角度,我國應進一步加大探索上市公司赴海外雙重上市的製度對接步伐;從跨國經營角度,中資礦企要參與全毬資源競爭,必鬚在資本和跨金融市場層麵奮力趕上。海外雙重上市可實現跨國經營的市場化和證券化,有利于消除“走齣去”過程中的資源民族主義。
오대리아증권시장광업판괴지위중요,제다광업공사재오쌍중상시。오교소광업공사쌍중상시조건、요구화정서주요체현재표준상시화활면상시량개법규체계,쌍중상시적비용포괄교역소상시신청비、교역소년비、중개궤구비용등,이급일사가능섭급적감관급법규체계。이BeaconHill자원공사표준상시위례,종증권시장국제화각도,아국응진일보가대탐색상시공사부해외쌍중상시적제도대접보벌;종과국경영각도,중자광기요삼여전구자원경쟁,필수재자본화과금융시장층면강력간상。해외쌍중상시가실현과국경영적시장화화증권화,유리우소제“주출거”과정중적자원민족주의。
This paper mainly introduces the conditions, requirements and procedures of mining company dual listing in Australian Stock Exchange, which are mainly relfected in the legal system of standard listing and exempt listing. The cost of the dual listing includes application fee for Stock Exchange Listings, annual fee of Stock Exchange, and the fee of intermediary organizations. Based on the standard listing of Beacon Hill Resources, this paper argues that from the perspective of the securities market internationalization, we should make great efforts on exploring the system of listed company going abroad for dual listing to be connected to international practice. From the perspective of transnational operation, if Chinese mining companies intend to participate in the global competition for resources, they must struggle to catch up with foreign companies in the capital and cross-financial markets. It goes on to point out that dual listing overseas can realize marketization and securitization of the multinational management, which is conducive to eliminating resource nationalism occurred in the process of“going global"strategy.