Study on cross-listed company's financial problems

In recent years, as under the acceleration of global economic integration, enterprises cross-border investment more convenient; the capital market appeared a kind of phenomenon of cross listing, while there are more and more cross-listed company's financial problems. First of all, the paper introduces the basic overview of cross-listing, meaning, motivation, advantages, disadvantages, and the choice of cross-listing. Secondly, it present restrictive factors such as low asset-liability ratio, accounting adjustments by accounting policies changes, equity investments preference, the profit forecasts, tax policies, then points out that the valuation is too high, regulatory responsibility and the law responsibility after the listing, undervalued, financing and other financial problems. Finally based on the financial problems, the paper puts some corresponding countermeasures of listed companies. As well and cost-benefit analysis and reasonable valuations, full attention to information disclosure, careful selection of the listed locations and timing, enhance internal controls, improve anti-takeover of the company, enhance investor relations management etc.