上市公司定向增发融资偏好分析

The Financing Preference of the Private Placement of Listed Companies

股权分置改革以来,定向增发成为我国资本市场的一种主流融资方式。我国宽松的政策条件及上市公司自身的利益驱动使上市公司对定向增发方式比较青睐。针对此现象,分析定向增发偏好的外在、内在原因,采取相应措施,规范制度变迁中定向增发融资。

The private placement has become more and more popular in Chinese capital market since the split share structure reform. Under the loose funding policy, interest-oriented listed companies tend to prefer private placement. Then the external and internal reasons for the issu- ance preference are analyzed and relevant recommendations are proposed in the paper.