加强上市公司增发新股的可行性论证与监管

On Strengthening the Feasibility Study and Regulation of New Share Issues by Listed Companies

增发新股是成熟资本市场通行的融资方式 ,但在我国的资本市场却受到冷遇。要使我国的投资者接受这种市场化的融资方式还需要管理层和上市公司的共同努力。上市公司要重视增发新股的可行性论证工作 ,管理层要加强对上市公司增发新股行为进行监管 ,尽快建立健全增发新股约束机制。

Despite being a prevalent mode of financing in mature capital markets,new share issues have been neglected in the Chinese capital market.The authorities and listed companies need to make a concerted effort before this marketized mode of financing can be accepted by the Chinese investors.Listed companies should attach great importance to the feasibility study of new issues,and the authorities should strengthen the regulation of new issues by listed companies and establish and perfect the restraint mechanism.