⑴ According to the corporate and securities laws of most countries, international stock issuers are limited to specific types of corporate organizations whose capital has been demutualized, usually a joint stock company or a specific type of limited company. Responsible company;
(2) International stock issuers and investors belong to different countries or regions, and their stock issuance or listing and trading activities are governed by the laws of different countries. Since Its legal application deeply involves the corporate laws, property laws and securities laws of different countries, so the resolution of its legal conflicts is more complicated;
(3) International stocks It is essentially a freely transferable shareholder rights certificate. It has unlimited rights and takes the form of registered securities. The content of its rights is compound and complex. Therefore, the issuance, trading and rights dispute resolution of international stocks are different from those of international stocks. Bonds;
(4) International stock financing usually does not consist of a simple one-time stock issuance. Issuers often pursue the dual consequences of international stock issuance and stock listing. The purpose is to improve the efficiency of international stock issuance and establish some long-term and stable international financing channels, which in turn leads to a situation where the concepts of stock issuance and stock listing are mixed in practice;
⑸ International stock financing is highly technical and complex. The securities laws or company laws of most countries stipulate conditional rules, listing hearing rules and procedural rules for stock issuance and listing. Therefore, in modern society, any proposal The issuance and listing of stocks usually means that this behavior is carried out with the assistance of financial intermediaries and professional institutions, is carried out in accordance with the principles of openness and fairness, and is carried out under the control of conditional rules and procedural rules stipulated by law.
In summary, international stock financing is not only different in nature from traditional investment behavior (such as Sino-foreign joint venture contract behavior), loan behavior or other similar contract behavior, And unlike international bond financing, it can be said that the rules of international securities issuance and trading in modern securities laws of various countries are mainly set up to control stock financing.
