长期以来,市场上流行着许多对上市公司持有的负面观点,最极端的莫过于将它们描述为无恶不作的“圈钱”者。记得曾读过一篇名为《中国股市到底有多黑》的文章,列举了不少上市公司以融资为理由而骗取无辜投资者的种种丑恶行径。在批评者的眼里,中国市场上充斥着无数“垃圾股”,这些公司的治理结构极其低劣,加上基金在幕后操纵,在缺乏有效监 For a long time, there have been many popular negative opinions on listed companies in the market, most of which are described as mischievous “misappropriators”. I remember reading an article titled “How black is China’s stock market going?” And listed many ugly acts of listed companies that defrauded innocent investors on the ground of financing. In the eyes of critics, there are countless “junk trades” on the Chinese market. The governance structure of these companies is extremely poor. Coupled with the fund’s manipulation behind the scenes, in the absence of effective supervision