当股市低迷或信息严重不对称导致股票价值被严重低估时,上市公司可以采取股票回购以支撑公司股票在二级市场上的价格,有利于增强股东们时公司的信心,也有利于公司在未来以较高的价格发行股票或发行债券,为公司融得更多的资金,提高公司的融资能力。笔者从股票回购的定义、方式、会计处理及存在的问题论述了股票回购的相关实务。 When the stock market downturn or serious asymmetric information led to a serious underestimation of the value of the stock, the listed company can take stock repurchase to support the company’s stock in the secondary market prices will help enhance the confidence of shareholders when the company is also conducive to the company In the future, the issuance of shares or bonds at a higher price will result in more financing for the company and a better financing capability for the company. The author discusses the related practice of stock repurchase from the definition, mode, accounting treatment and existent problems of stock repurchase.