Home 企财盈
Home About
Services

Services

  • Popular Recommendations
    热门
  • go out to sea
    热门
  • Domestic Company Registration
  • Management & Operations
  • Immigration and Visas
  • Overseas Company Registration
  • intellectual property rights (law)
China Hong Kong Company Registration 服务范围 Singapore Company Registration 服务范围 U.S. Company Registration BVI Company Registration Thailand Company Registration
China Hong Kong Company Registration 服务范围 Singapore Company Registration 服务范围 U.S. Company Registration BVI Company Registration Cayman Company Registration UK Company Registration Vietnam Company Registration Malaysia Company Registration Indonesia Company Registration Thailand Company Registration
Shenzhen Company Registration 服务范围 Guangzhou Company Registration 服务范围 Beijing Company Registration Shanghai Company Registration
act as bookkeeper 服务范围 Qualification 服务范围

More products and businesses are being updated, for more information please Contact Customer Service

ODI Filing 服务范围 Vietnam Business Mission 服务范围 China Hong Kong Company Registration Singapore Company Registration U.S. Company Registration BVI Company Registration Cayman Company Registration UK Company Registration Vietnam Company Registration Malaysia Company Registration Indonesia Company Registration Thailand Company Registration Korea Company Registration Japanese Company Registration

More products and businesses are being updated, for more information please Contact Customer Service

Contact News Business Guide
电话支持 400-1688-311
en_US English
en_US English zh_CN 简体中文
  • Home
  • About
  • Contact
  • News
  • Business Guide
Two Options for Enterprises to List Overseas: Red Chip Structure and VIE Structure
Published: 2024-11-15
在当今全球化的经济环境下,越来越多的企业寻求境外上市,以拓展融资渠道、提升品牌影响力和实现国际化发展。而红筹架构和 VIE 架构则是企业境外上市的两大重要选择。然而,对于许多老板而言,红筹架构和VIE架构的概念和运作机制可能仍然有些模糊。那今天就给大家对比分析一下VIE架构和红筹架构的区别以及一些案例分析。
目录01 什么是红筹架构02 什么是VIE架构?03 红筹架构 VS VIE架构01什么是红筹架构红筹架构是指中国境内的公司在境外设立离岸公司,然后将境内公司的资产注入或转移至境外公司,实现境外控股公司海外上市融资的目的。红筹架构的主要特点包括:股权控制清晰:通过在境外设立控股公司,实现对境内业务的间接控制,股权结构相对清晰。融资渠道广泛:可以吸引国际投资者,获得更广泛的融资渠道和资金支持。便于国际化发展:有利于企业拓展国际市场,提升品牌的国际影响力。红筹架构的搭建流程:设立境外特殊目的公司(SPV):通常在开曼群岛、英属维尔京群岛(BVI)等离岸金融中心设立 SPV。境内公司股权重组:将境内公司的股权注入或转移至境外 SPV。引入战略投资者:根据需要,在境外引入战略投资者,优化公司股权结构。境外上市:以境外控股公司为主体,在中国香港、美国等境外证券市场上市。案例分析以腾讯为例,腾讯采用了红筹架构在香港上市。腾讯在开曼群岛设立了腾讯控股有限公司通过一系列的股权重组和业务整合将境内的业务注入境外控股公司腾讯的成功上市,为其后续的发展提供了强大的资金支持和品牌影响力。02VIE架构VIE架构,又称协议控制架构,是指境外注册的上市实体与境内的业务运营实体相分离,境外上市实体通过协议的方式控制境内业务实体,从而实现境外上市的目的。VIE 架构的主要特点包括:规避外资限制:对于一些外资限制或禁止进入的行业,如互联网、教育等,VIE 架构可以通过协议控制的方式,实现境外融资和上市。灵活性高:可以根据企业的实际情况和需求,灵活设计协议条款,实现对境内业务的有效控制。监管风险:由于 VIE 架构涉及到复杂的法律和监管问题,存在一定的监管风险。VIE架构的搭建流程:设立境外上市主体:通常为开曼群岛公司。设立境内外商独资企业(WFOE):由境外上市主体在境内设立 WFOE。签订协议:WFOE 与境内业务实体签订一系列协议,包括独家服务协议、股权质押协议、借款协议等,实现对境内业务实体的控制。境外上市:以境外上市主体为主体,在境外证券市场上市。案例分析:以阿里巴巴为例,阿里巴巴采用了 VIE 架构在美国上市。阿里巴巴在开曼群岛设立了阿里巴巴集团控股有限公司,并通过在境内设立 WFOE,与境内的业务实体签订协议,实现对境内业务的控制。阿里巴巴的成功上市,展示了 VIE 架构在特定行业的可行性和优势。
03红筹架构 VS VIE架构适用范围红筹架构适用于大多数行业,尤其是那些没有外资限制的行业。VIE 架构主要适用于外资限制或禁止进入的行业,如互联网、教育、医疗等。法律风险红筹架构的法律风险相对较低,主要涉及到境外法律和监管问题。VIE 架构的法律风险相对较高,由于涉及到复杂的协议控制和监管灰色地带,存在一定的不确定性。融资能力红筹架构的融资能力较强,可以吸引国际投资者,获得更广泛的融资渠道和资金支持。VIE 架构的融资能力也较强,但由于存在监管风险,可能会对投资者的信心产生一定的影响。审批流程红筹架构的审批流程相对简单,主要涉及到境外上市的审批程序。VIE 架构的审批流程相对复杂,需要同时考虑境内外的法律和监管要求。总而言之,红筹架构和VIE架构虽然都是通过境外上市实现资本的全球化配置,但它们在实施方式、法律效果、风险和合规方面存在一些差异。企业在选择公司架构形式时,应充分了解这些差异,根据自身需求和风险承受能力做出明智的决策。红筹架构和VIE架构在中国大陆的法律和政策环境下可能发生变化。如您公司需要搭建VIE架构或者红筹架构,建议选择专业机构代理办理!企财盈将提供全程一对一优质且私密的服务,各大专业团队熟悉各项资料信息、办理流程,更加专业高效!

Post navigation

NEXT STORY. Bank Account Opening | How to apply for a Hong Kong bank account for mainlanders? Attachment: 10 banks handling guide!
Previous. Hong Kong Cards | Want to WeChat bind these 5 Hong Kong bank cards to directly scan the code to make purchases? Just these 3 steps!

Recommended

跨境电商 B2B 必看!注册香港公司入驻阿里国际站,真的香

Cross-border e-commerce B2B must see! Registered Hong Kong company stationed in the Ali International Station, really fragrant!

In today's globalized business environment, the cross-border e-commerce B2B model is rapidly emerging with its unique advantages. For many enterprises engaged in cross-border trade, choosing a suitable platform and registering an advantageous company are undoubtedly the key keys to open the door to the international market.
View Full Version →
2024香港公司开户攻略!如何选择合适的香港银行开户?

2024 Hong Kong Company Account Opening Tips! How to choose the right Hong Kong bank account?

Global anti-money laundering regulations are becoming more and more stringent, the banks to maintain an account of the sunk cost is getting higher and higher, not moving hundreds of millions of dollars in fines, so that the major banks to open an account threshold as well as the audit process high up, already have a Hong Kong company bosses, how to choose the Hong Kong bank to open a public account? How much does it cost and how to operate? Today to give you a detailed introduction to the Hong Kong company account how to choose, as well as the approximate costs required and other content.
View Full Version →
香港公司注册优势+注册条件+注册流程分享!

Hong Kong company registration advantages + registration conditions + registration process to share!

If you want to start a business and develop overseas markets, registering a Hong Kong company is undoubtedly a very forward-looking choice. With its unique geographical location, sound legal system, low tax rate and open business environment, Hong Kong company has become a "sharp weapon" for many business owners to open up overseas markets. Why is it so important to register a Hong Kong company in 2024?
View Full Version →

Footer

企财盈

电话支持400-1688-311

Domestic Company Registration

  • Shenzhen Company Registration
  • Guangzhou Company Registration
  • Beijing Company Registration
  • Shanghai Company Registration

Management & Operations

  • act as bookkeeper
  • Qualification

Immigration and Visas

Overseas Company Registration

  • ODI Filing
  • Vietnam Business Mission
  • China Hong Kong Company Registration
  • Singapore Company Registration
  • U.S. Company Registration
  • BVI Company Registration
  • Cayman Company Registration
  • UK Company Registration
  • Vietnam Company Registration
  • Malaysia Company Registration
  • Indonesia Company Registration
  • Thailand Company Registration
  • Korea Company Registration
  • Japanese Company Registration

intellectual property rights (law)

© 2022-2025 - Shenzhen Enterprise Caiying Enterprise Management Co. Guangdong ICP No. 2021085552