我“私”故我在

Privatization,pass through besieging Fortress

据美国投行罗仕证券近日统计,2011年共有22家在美国上市的中国公司宣布或已经完成私有化退市。毫无疑问,上市对许多公司来说都是一个不甚轻松的梦想,在投入大量资金和人力最终圆梦之后,又为何要主动离开这个来之不易的舞台?与被动离开市场的公司相比,这些主动进行私有化退市的公司更多的是"两利相权取其重"的选择。上市就像"围城"。城外的人想进来,城里的人出去。在永恒的资本市场里,上市热和退市潮并不冲突。"私有化"或许是突破某种资本困局的一种双向解题法,当然必须遵循风险与收益均衡的游戏规则。

Listing likely besieges a fortress,which the insider attempt to come and the outsiders desire to go.In eternal capital market,there is no confl ict between listing upsurge and wave of delisting.Privatization is probably a helpful attempt which could pass through besieging fortress.