众所周知,风险总是伴随着收益,那什么又是风险呢?投资时所面临的不确定性即可称为风险,显而易见,当前S股(未股改股)就面临着这样的不确定性。只要未股改,就存在着股改红利预期,借壳上市、债务清欠、注入资产、剥离不良资产、脱胎换骨、平步青云这样的字眼便可与之挂上等号,而随着时间的推移,S股的数量越来越少,场外资金介入所塑造的巨大财富效应彰显S股的祢足珍贵。 As we all know, the risk is always accompanied by earnings, then what is the risk? Investment uncertainty can be called risk, it is clear that the current S shares (shares without shares to be converted) is facing such uncertainty. As long as there is no share reform, there is the expectation of dividend reform dividend, backdoor listing, debt settlement, asset injection, stripping of nonperforming assets, reborn as usual, and so can be hung with an equal sign, and over time, S shares The number of less and less, the huge wealth effect shaped by the intervention of off-exchange funds highlights the preciousness of S shares.