浅析二级市场配售新股发行方式

Analysis of the Issuance Way of New Stocks in Second Market Allots and Sales

为进一步完善股票发行方式，我国试行向二级市场投资者配售新股，首次实现了一、二级市场联动发行，是向一、二级市场最终并轨迈出的重要一步。这次发行方式的改革对规范一级市场，活跃二级市场，促进证券市场的稳定健康发展有着重要的意义。该文对新发行方式的积极效应和存在的不足进行了深入的分析，希望能有助于加深对新方式的认识和进一步探讨发行方式的改革。

China tests the issuance way of new stocks that it allots and sells to investors in second market so as to further perfect stocks issuance way. It is first carried out in the combined way, which is an im- portant step for the emergence of seconed market. The paper makes a deep analysis for active effect and existing shortage of the new way, so it is helpful for deepening the realization of the new way and fur- ther approaching the reform of issuance way.