Research on the Development Situation of Enterprise Debt Restructuring and Hong Kong Listing in the Economic Adjustment Stage

Abstract

Systematically study the various conditions in the development environment of corporate debt restructuring and subsequent cross-border listings on the Hong Kong Stock Exchange during a period of major global economic changes in this paper. Recently, due to the economic slowdown and restructuring of the enterprise, some enterprises have encountered a cash-flow problem and had to cut back their expenditures. Based on the above, this paper puts forward a proposal for improving debt-reduction plans and enhancing the international development of Chinese enterprises through an offshore listing. Debt restructuring is to address the harmful effects of debt overhanging and to stabilise the company's operating funds for the time being. After this stabilisation, listing on the Hong Kong Stock Exchange will allow the revived enterprises to raise funds from overseas investors, expand their international investor base, and comply with the high-level and reliable international corporate governance standards in that system. Based on the general theories of corporate finance and current market conditions, this paper explores how to reduce the losses of distressed assets through the joint operation of local debt restructuring and foreign funds raising.