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1、AbstractInrecentyears,moreandmoreenterpriseschoosethereverseacquisitionmethodinthelistedmarket,comparedwiththetraditionalway,thereversetakeoverhastheadvantagesoflowcost,shorttimeandhighyieldadvantages,sothemarketfavoredbymoreandmoreenterprises.Especiallyintheper
2、iodofeconomicrecession,theincomeofmanylistedcompanieshavebeenseriouslyaffected,themarketvalueisgreatlyreduced,sothattheformationofnumerousacquisitionofresourcestotheenterprise,providestheopportunitytoreversetakeoveroflisted.Inrecentyears,China'seconomyundertheco
3、nditionsofreformandopening-up,alotofchoiceinoverseaslistedcompanies,intheforeignexchangesupervisionandmanagement,strictlegalconstraintsplacedintheenvironment,toseekbetterdevelopment.In2014March,CITICPacificannouncedareversetakeoverofitsparentcompany,CITICGroup,a
4、ndinAugustthesameyear,thecompletionoftheacquisition,listedontheHongkongstockexchange.In2014,thecountryputforwardthedevelopmentofthemixedownershipreform,promotetheintegrationanddevelopmentofallkindsofcapital,tobreakthemonopolyofstate-ownedenterprisesofthesituatio
5、n,changethetraditionalmanagementmechanism.ThestrongsupportofthecentralthroughCITICGroupasastate-ownedpilotreform,hopingtodemonstrateamultipliereffectintheshortterm,toprovideguidancetospeedupthereformofstate-ownedenterprises.Thenationalmacrolevelthroughthedemonst
6、rationeffect,SOEiscommittedtopromotingmoremodernreform.TheeventbelongstothehistoryofthefirstcentralenterprisesbackdoorHongkongsubsidiarylisted.Thiscasestudyanalysis.Basedonthesummaryofdomesticandforeignscholarsonthebasisofareversetakeoveronthemotiveofconcept,pro
7、cess,advantagesandreverseacquisitionofreverseacquisitionaresummarized.ListedinHongkongconditionsandadvantagesaredescribed,analyzedthereasonslistedinHongkongcitic.Combinedwiththerelatedpolicy,theenterpriseownsituation,socialenvironmentandotherreasons,analyzesthem
8、otivationofCITICPacificreverseacquisition.Intheanalysisofthespecificlistingofitsimplementationprocessandfinancialsituation,leadsinthereverseacquisitionintheprocessofa