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There will have one more choice for Chinese companies that are seeking for the initial public offering （IPO） outside China -- Australia’s Asia Pacific Stock Exchange （APX）. During the 2008 global financial crisis， Wang Renqing， chairman of the board and CEO of AIMS Financial Group， bought out the bourse and replaced its original trading and operation rules， as well as its trading system.
Currently， the bourse adopts Nasdaq OMX trading sys- tem， which allows trade in the Australian dollar and the yuan at the same time， helping investors evade the exchange rate risks.
With the signing of Sino-Australian FTA， the two countries embrace new opportunities for the cooperation and development in the financing field. Wang says that in a move to achieve the internationalization of the yuan， Chinese companies should treat the strategy of “going global” as their top priority.
Following two Chinese companies’ successful IPOs in Australia through the APX， Australia Sandia Jinnai Cultural Development Holding Co.， Ltd. also plans to debut on the bourse in this March， with approval from the Australian Securities and Investment Commission （ASIC）. The comprehensive Chinese-run company specializes in the marketing and industrial development of Chinese intangible cultural heritage projects represented by Teochew Embroidery.
Australian IPO market beckons Chinese Growth Companies
The APX is the only bourse wholly owned by a single group in the world， as well as the only oversea bourse wholly controlled by a Chinese-run enterprise. In August 2007， AIMS Financial Group sold part of its assets for a consideration of 400 million Australian dollars.
One year and a month later， when the global financial tsunami broke out， the group bought out the Pacific Stock Exchange at a relatively low price and renamed it Asia Pacific Exchange Limited.
According to Wang， as the APX highly values companies’growth， the IPO threshold is flexible for Chinese companies. With no less than 50 stock holders and working fund of no lower than 2 million Australian dollars， or roughly 10 million yuan， Chinese companies are qualified to apply for IPOs on the bourse. They are not required to make a profit before the application.
Generally speaking， the applicants need 3-6 months to finish pre-IPO procedures. As long as materials and documents are all in readiness， it just takes three months to get IPO approval. Any company able to prove it has a bright future is allowed to file an application for its IPO on the bourse. In addition， the bourse eliminates the hassle of making quarterly reports for companies， which reduces their IPO costs. Besides the APX， AIMS Financial Group also runs AIMS Capital Securities Limited， AIMS Fund Management Limited and AIMS Credit Finance Limited， as well as other subsid- iaries. Therefore， in addition to securities trading， the group’s business scope also includes investment banking， commercial loans and finance leasing services.
To be specific， with such a sprawling business， AIMS Financial Group not only helps pre-IPO companies transform their business structure and work out IPO schemes， but also provides them with accounting and law consultation services.
Moreover， for Chinese companies that are hungry for financing but fall short of the listing standard， the group selects those promising companies among them to help them make pre-IPO till the listing goal is achieved.
Wang points out that with the explosive growth of China’s economy and the ever-expanding business relationship between the two countries， Australian people have widened their knowledge of China in the recent years. With a try-andsee attitude， they are excitedly seeking for more opportunities to do business with China.
Besides， the depreciating Australian dollar translates into a lower cost of merger and acquisition （M&A）， which is a great opportunity for Chinese companies to snap up Australian assets， the CEO adds.
Once debuting in the Australian capital market via the APX， Chinese companies will no longer be treated as foreign entities by the Australian government during the period of examination and approval， which means a more flexible environment for Chinese companies’ M&A and financing in the future.
In such a way， pressures that other governments put on Chinese companies， together with criticism from others， will be much reduced. Meanwhile， those Australialisted companies are more acceptable to Australians and Australia government.
Besides， to list in Australia， a western developed country located in the Asia Pacific region， will smooth the way for Chinese companies to march into the British and American capital markets in the future.
Upbeat on Long-term Growth of Chinese Economy
By far， there have been two Shenzhen-based companies listed on the APX， one in health food and the other in logistics， with the market capitalization respectively reaching more than 20 million Australian dollars and 30 million Australian dollars. The latter has business cooperation and exchanges with Alibaba Group， China’s largest online commerce platform provider. Australia Sandia Jinnai Cultural Development Holding Co.， Ltd. will soon debut on the APX， joining the lineup as the third Chinese-run company listed on the Australian bourse. The company， mainly engaged in the marketing of Teochew embroidery， has got approval from the Australian Securities and Investment Commission （ASIC） and plans to debut on the bourse in March.
As one of Chinese Culture Industry Demonstration Enterprises， Sandia Jinnai Cultural Development has a Teochew embroidery experience center in Shantou， a coastal city in Guangdong province in China. The unique embroidery art originates from Chaoshan， the north-easternmost area of Guangdong.
According to its IPO prospectus， Sandia Jinnai Cultural Development fared well in the past three years， impressing investors with rosy financial reports. In the three years though 2014， its annual sales revenue and net income both grew significantly. The market expects the company to continue to maintain a high growth momentum in the coming years. The prospectus shows it plans to offer 10 million-40 million shares in the IPO.
In a bid to better services for Chinese companies， AIMS Financial Group has moved into Qianhai Area， Shenzhen’s Nanshan District， with an intention to set up an Asia-pacific headquarters in the area where will be the work place for the group’s risk controllers and researchers.
“Moving to Qianhai will help us have a deeper understanding of the Chinese companies and enhance the transparency of listed companies， which facilitates us to control risk，” Wang says.
He also points out that a large number of Chinese companies are currently waiting for IPO financing， especially those promising private enterprises. In the long term， all of those companies will see a growing demand for assets internationalization.
When asked what a difference listing on the APX makes from debuting on its Chinese counterparts in Shanghai， Shenzhen and Hong Kong， as well as Nasdaq in the United States， Wang says that high-tech companies tend to seek IPOs in the U.S.， while mining， agriculture and food companies are popular among Australia’s investors， as they know those sectors best. Besides， biotechnology companies are also very popular in Australia.
For Chinese investors， being allowed to trade stocks in yuan on the APX， coupled with a time difference of only 2-3 hours between the two countries， makes their stock trading very convenient. Overall， based on China’s economy and longterm development potential of Chinese companies in the future， Wang believes that the above-mentioned four bourses will see an opportunity to gain the favor of all kinds of Chinese companies.
When referring to the property markets in the two countries， Wang also put forward his opinions， betting that investing Australia’s house market will bring a more handsome profit than investing China’s.
AIMS Financial Group has accumulated a wealth of experience in design and trading of Real Estate Investment Trust （REITS） products. Therefore， Wang is mulling a plan to turn some properties that have a potential for appreciation to REITS funds and eventually make them list on the APX. The CEO also introduces that the group has a professional team engaged in the REITS fund business.
Currently， the bourse adopts Nasdaq OMX trading sys- tem， which allows trade in the Australian dollar and the yuan at the same time， helping investors evade the exchange rate risks.
With the signing of Sino-Australian FTA， the two countries embrace new opportunities for the cooperation and development in the financing field. Wang says that in a move to achieve the internationalization of the yuan， Chinese companies should treat the strategy of “going global” as their top priority.
Following two Chinese companies’ successful IPOs in Australia through the APX， Australia Sandia Jinnai Cultural Development Holding Co.， Ltd. also plans to debut on the bourse in this March， with approval from the Australian Securities and Investment Commission （ASIC）. The comprehensive Chinese-run company specializes in the marketing and industrial development of Chinese intangible cultural heritage projects represented by Teochew Embroidery.
Australian IPO market beckons Chinese Growth Companies
The APX is the only bourse wholly owned by a single group in the world， as well as the only oversea bourse wholly controlled by a Chinese-run enterprise. In August 2007， AIMS Financial Group sold part of its assets for a consideration of 400 million Australian dollars.
One year and a month later， when the global financial tsunami broke out， the group bought out the Pacific Stock Exchange at a relatively low price and renamed it Asia Pacific Exchange Limited.
According to Wang， as the APX highly values companies’growth， the IPO threshold is flexible for Chinese companies. With no less than 50 stock holders and working fund of no lower than 2 million Australian dollars， or roughly 10 million yuan， Chinese companies are qualified to apply for IPOs on the bourse. They are not required to make a profit before the application.
Generally speaking， the applicants need 3-6 months to finish pre-IPO procedures. As long as materials and documents are all in readiness， it just takes three months to get IPO approval. Any company able to prove it has a bright future is allowed to file an application for its IPO on the bourse. In addition， the bourse eliminates the hassle of making quarterly reports for companies， which reduces their IPO costs. Besides the APX， AIMS Financial Group also runs AIMS Capital Securities Limited， AIMS Fund Management Limited and AIMS Credit Finance Limited， as well as other subsid- iaries. Therefore， in addition to securities trading， the group’s business scope also includes investment banking， commercial loans and finance leasing services.
To be specific， with such a sprawling business， AIMS Financial Group not only helps pre-IPO companies transform their business structure and work out IPO schemes， but also provides them with accounting and law consultation services.
Moreover， for Chinese companies that are hungry for financing but fall short of the listing standard， the group selects those promising companies among them to help them make pre-IPO till the listing goal is achieved.
Wang points out that with the explosive growth of China’s economy and the ever-expanding business relationship between the two countries， Australian people have widened their knowledge of China in the recent years. With a try-andsee attitude， they are excitedly seeking for more opportunities to do business with China.
Besides， the depreciating Australian dollar translates into a lower cost of merger and acquisition （M&A）， which is a great opportunity for Chinese companies to snap up Australian assets， the CEO adds.
Once debuting in the Australian capital market via the APX， Chinese companies will no longer be treated as foreign entities by the Australian government during the period of examination and approval， which means a more flexible environment for Chinese companies’ M&A and financing in the future.
In such a way， pressures that other governments put on Chinese companies， together with criticism from others， will be much reduced. Meanwhile， those Australialisted companies are more acceptable to Australians and Australia government.
Besides， to list in Australia， a western developed country located in the Asia Pacific region， will smooth the way for Chinese companies to march into the British and American capital markets in the future.
Upbeat on Long-term Growth of Chinese Economy
By far， there have been two Shenzhen-based companies listed on the APX， one in health food and the other in logistics， with the market capitalization respectively reaching more than 20 million Australian dollars and 30 million Australian dollars. The latter has business cooperation and exchanges with Alibaba Group， China’s largest online commerce platform provider. Australia Sandia Jinnai Cultural Development Holding Co.， Ltd. will soon debut on the APX， joining the lineup as the third Chinese-run company listed on the Australian bourse. The company， mainly engaged in the marketing of Teochew embroidery， has got approval from the Australian Securities and Investment Commission （ASIC） and plans to debut on the bourse in March.
As one of Chinese Culture Industry Demonstration Enterprises， Sandia Jinnai Cultural Development has a Teochew embroidery experience center in Shantou， a coastal city in Guangdong province in China. The unique embroidery art originates from Chaoshan， the north-easternmost area of Guangdong.
According to its IPO prospectus， Sandia Jinnai Cultural Development fared well in the past three years， impressing investors with rosy financial reports. In the three years though 2014， its annual sales revenue and net income both grew significantly. The market expects the company to continue to maintain a high growth momentum in the coming years. The prospectus shows it plans to offer 10 million-40 million shares in the IPO.
In a bid to better services for Chinese companies， AIMS Financial Group has moved into Qianhai Area， Shenzhen’s Nanshan District， with an intention to set up an Asia-pacific headquarters in the area where will be the work place for the group’s risk controllers and researchers.
“Moving to Qianhai will help us have a deeper understanding of the Chinese companies and enhance the transparency of listed companies， which facilitates us to control risk，” Wang says.
He also points out that a large number of Chinese companies are currently waiting for IPO financing， especially those promising private enterprises. In the long term， all of those companies will see a growing demand for assets internationalization.
When asked what a difference listing on the APX makes from debuting on its Chinese counterparts in Shanghai， Shenzhen and Hong Kong， as well as Nasdaq in the United States， Wang says that high-tech companies tend to seek IPOs in the U.S.， while mining， agriculture and food companies are popular among Australia’s investors， as they know those sectors best. Besides， biotechnology companies are also very popular in Australia.
For Chinese investors， being allowed to trade stocks in yuan on the APX， coupled with a time difference of only 2-3 hours between the two countries， makes their stock trading very convenient. Overall， based on China’s economy and longterm development potential of Chinese companies in the future， Wang believes that the above-mentioned four bourses will see an opportunity to gain the favor of all kinds of Chinese companies.
When referring to the property markets in the two countries， Wang also put forward his opinions， betting that investing Australia’s house market will bring a more handsome profit than investing China’s.
AIMS Financial Group has accumulated a wealth of experience in design and trading of Real Estate Investment Trust （REITS） products. Therefore， Wang is mulling a plan to turn some properties that have a potential for appreciation to REITS funds and eventually make them list on the APX. The CEO also introduces that the group has a professional team engaged in the REITS fund business.