论文部分内容阅读
记得早些时候,IPO启动一有风吹草动, 市场就一片黯然失色,股指也随即下降。市场人士认为发行新股就会抽去市场既有资金,就会让市场流动资金主打新股, 从而使现有股指下落。可以说,在近年来的国内股市中,好像是得了IPO启动恐惧症。其实,这些仅是以往之经验,已经不适用现在变化了的市场、变化了的规则和环境。而且一年多来停止发行新股的经验表明,停止发行新股并不是推动股指上行的神丹妙药,反之,在这个阶段,国内股市的指数同样下落,甚至跌到几年来的最低点。
I remember earlier, the IPO started a sign of trouble, the market was eclipsed, stock index also declined. Market participants believe that the issuance of new shares will drain the existing capital market, it will allow the market liquidity main hit new shares, so that the existing stock index fell. It can be said that in recent years the domestic stock market, it seems to have got the IPO start phobia. In fact, these are only past experiences and they are no longer applicable to the now changing market, changing rules and the environment. And the experience of halting the issuance of new shares for more than a year shows that the cessation of the issuance of new shares is not the magic weapon for the upside of the stock market. Instead, the indices of the domestic stock market also fall at this stage, even to its lowest point in several years.