What is an international board? What are the concepts of international board?

Significance of international board: China is promoting overseas enterprises to list in A shares. These enterprises are classified as "international boards" because of their "overseas" nature after listing in A shares. The international edition refers to the plate where overseas enterprises issue and list in China A shares. These overseas enterprises will be classified as "international boards" because of their "overseas" nature after listing in A shares. The international board is becoming another major innovation measure of China's capital market after the Growth Enterprise Market. In Shanghai, set up main boards for large domestic and foreign companies with strict listing conditions like new york Stock Exchange; In Shenzhen, it has become a long-term idea for the development of China's capital market to establish a GEM with relatively relaxed listing conditions like Nasdaq. The relevant person in charge of the SSE said that the goal of the SSE is to build a world-class securities trading platform, and the "international board" is an indispensable part. Some experts pointed out that with the growing influence of the A-share market, it is the general trend for foreign-funded enterprises, especially those with an increasing proportion of business in China, to list on the A-share market. China municipal government strongly hopes to build Shanghai into an international financial center, and one of the signs of an international financial center is that the trading market is open to the whole world, so opening an "international board" in Shanghai is a very important step for it to become an international financial center. It doesn't matter whether it is called "international board" or not. Whether it is a separate "international board" or a direct listing is just a matter of form. The focus is on enabling foreign companies to list in China. On the other hand, foreign companies, such as Coca-Cola and HSBC, have a strong desire to list in China, and their business in China is already very large. Unilever publicly stated as early as six or seven years ago that it would be listed on the A-share market. Later, HSBC, Standard Chartered Bank and Bank of East Asia successively expressed this intention. Listing in China has two advantages: first, listing can enhance its popularity in the China market; Second, enterprises can directly obtain RMB funds, which provides great convenience for them to expand their business in China and there is no foreign exchange risk. The benefits of these two aspects are very direct. However, at that time, these companies were faced with the same severe problem, that is, the whole environment, including China's laws and regulations, financial system, corporate governance and so on, did not support the listing of foreign companies in China, and they were in a stage of no rules to follow and no laws to follow. So although these companies have long been interested, it is still very difficult to really do it, and they can't even take the first step? Let's go In fact, exchanges in many parts of the world are basically open to the international community, and there is no clear distinction between domestic enterprises and overseas enterprises in laws and regulations, and so is the New York Stock Exchange. The earliest financial exchange in the world is in Amsterdam, the Netherlands. At first, it was a platform for your team to go to Asia to do trade financing. Later, in the19th century, the United States also went to Amsterdam to finance railway construction, and promoted red-chip overseas companies to issue A shares to issue securities, and then listed on the Amsterdam International Board. Amsterdam was then the world financial center. Therefore, internationally, there was no distinction between domestic and foreign financial centers at the beginning. But China is different. Up to now (July 3, 20091day), the securities market is still closed and not open to the outside world. In addition to QFII, foreign investors really can't get in, and it is very difficult for China people to invest abroad now. Therefore, in this closed capital environment, it is much more complicated for a foreign company to list in China. Of course, once successful, it will be of great significance to the opening of China's financial market. Hope to adopt