从VIE事件看海外融资现象的监管路径
From the VIE Event to See the Phenomenon of Overseas Financing Regulatory Path

作者: 何诚颖 , 翁媛媛 :;

关键词: 协议控制(VIE)特殊目的公司(SPV)人民币基金Variable Interest Entities (VIE) Special Purpose Company (SPV) RMB Fund

摘要: 支付宝事件引发了业界对于VIE模式的担忧,一直以来互联网或是创新行业都通过与内资公司签订一系列协议(VIE架构)来成为内资公司业务的实际收益人和资产控制人,以规避《外商投资产业指导目录》对于限制类和禁止类行业限制外资进入的规定。如今围绕VIE之争,中国企业境外上市的所有权架构将走向何方?溯本清源,客观看待VIE模式才是扫除阴霾的关键。

Abstract: Alipay triggered an intense discussion about VIE model. For a long time, the Internet company or creative industries are funded through a series of agreements signed (VIE structure) to become the actual controller of domestic business income and assets, and avoid the requirements for restricted and prohibited trade restrictions on foreign entry in “Foreign Investment Industrial Guidance Catalogue”. Nowadays, being the disputes around VIE, how is the ownership architecture of Chinese oversea listed firms going? Objective looking at the VIE model is the key to remove the Shadow.

文章引用: 何诚颖 , 翁媛媛 (2012) 从VIE事件看海外融资现象的监管路径。 金融, 2, 76-82. doi: 10.12677/fin.2012.22008

参考文献

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[2] 刘湘宁. VIE: 默认合法是时下最优选择[R]. 深圳: 华泰联合证券研究报告, 2011.

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