Author(s)

Xudong Tao ¹

Affiliation(s)

¹ Junhe Law Firm, Shanghai, 200041, China

Corresponding Author

Xudong Tao

ABSTRACT

This paper conducts an in-depth study of the legal attributes, operational mechanisms, and risk characteristics of VIE structures in Chinese concept stocks. Research shows that VIE structures have provided an important channel for Chinese companies to raise funds overseas and have created significant economic benefits. Based on case analysis and empirical research, this paper finds that VIE structures face multiple legal risks, including contractual validity uncertainty, regulatory policy change risks, and corporate governance deficiencies. To address these issues, the paper proposes systematic reform recommendations from the dimensions of contract standardization, regulatory systems, and information disclosure. The research suggests that through building a multi-level regulatory system, improving legal frameworks, strengthening regulatory coordination, and optimizing information disclosure mechanisms, VIE structure risks can be effectively controlled, promoting the healthy development of Chinese companies' overseas listing market. The research findings have important theoretical value and practical significance for improving the regulatory system of Chinese concept stocks.

KEYWORDS

VIE Structure; Chinese Concept Stocks; Legal Risks; Regulatory Reform; Corporate Governance; Cross-border Regulation

CITE THIS PAPER

Xudong Tao. Research on Legal Risks and Regulatory Reform of VIE Structures in Chinese Concept Stocks. Science of Law Journal (2024) Vol. 3: 90-96. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030813.

REFERENCES

[1] Li Yuanrong. Case Study on Chinese Concept Stocks Dismantling VIE Structure for A-Share Listing [D]. Chinese Academy of Fiscal Sciences, 2024. 
[2] Shen Yiwen. Research on Motivations, Paths and Economic Consequences of Chinese Concept Stocks Returning to A-Shares [D]. Soochow University, 2023. 
[3] Yao Siqi. Research on Implementation Path of Bilibili Chinese Concept Stock Return [D]. Zhongnan University of Economics and Law, 2023. 
[4] Zhang Xiaoxue. Performance Evaluation and Risk Research on Chinese Concept Stocks Return under VIE Mode [D]. Yangtze University, 2023. 
[5] Du Han. Research on Motivations, Paths and Economic Consequences of Chinese Concept Stocks Return [D]. Hangzhou Dianzi University, 2023.

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