Chen: Orphan shares look forward to the return of the International board

Jia Huafei Lioth "If the international board is launched, we will apply for the first time."　　March 2, the CPPCC member, Shanda Network chairman Chen, including the "First financial daily" and other reporters, said the grand hope to return to the domestic capital market.　　He prepared the relevant international board proposals, in addition to the International board to launch as soon as possible, he also suggested that the international board in the introduction of internationally renowned enterprises, but also to the private red-chip return to provide policy support. At present, the domestic Internet enterprises mainly in the United States Nasdaq listing, China's Gem opened, some of the options in the Gem listing.　　In Chen view, the future of domestic internet companies will be listed as the main gem, but this needs domestic venture capital and other industries mature. "At present, the listed enterprises, in the previous few years to get foreign venture capital, on the" no return. Chen said that because the renminbi and the U.S. dollar cannot be freely convertible, the exit route of VCs can only choose US stock market. But with the rise of renminbi funds, good companies will also be selected for domestic listings.　　In two or three years, he predicts, more and more high-quality Internet companies will be listed on the Chinese gem.　　But for Shanda, the parent company listed in the overseas Red chips, the domestic gem listing will face policy issues, the international board to become their best way to return. "Our markets and investors are separate. "Chen Qiao self-deprecating, in the United States, they such enterprises are called" Orphan Shares ", belonging to the" Chinese heart, but no Chinese body "enterprises, in the domestic venture capital is immature, they were forced to choose overseas listing.　　In particular, the big games, literary fiction and other business models from China, in the United States do not have the same model of the company, similar to 2 cents to see 1000 words such a model, the U.S. investors more difficult to understand, but in China, it has more than 140 million users.　　In the equity structure, the largest shareholder is the Chinese shareholder, but the lack of policy support, so Chen very much look forward to the launch of the International board. In addition, Chen believes that the future of Internet companies will continue to the market, may be life services, E-commerce, market segments of the supply of business-oriented enterprises, such as video site Youku, in addition to electronic game companies will have.