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依托资本市场进行资本运作是企业竞争的高级形态,也是各国经济竞争的必然趋势。中国企业在发展和走向世界的进程中,也要学习并利用好资本市场从事资本运作。作为培育和增强国有企业竞争力重要手段的国企整体上市政策.为国企长远发展提供了契机,但同时也令国企母体在与机构的博弈中处于“尴尬”境地.既带来了高估值,也蕴含着高风险。在推行国企整体上市的进程中.如何做好下属上市公司整合工作并以此推动整体上市是关键。可以说.积极运用资本运作手段及技巧使下属上市公司进行整合并上市,有利于国有集团平衡收益和风险。具体来说,在“股价
Relying on the capital market for capital operation is an advanced form of enterprise competition and an inevitable trend of economic competition in various countries. Chinese enterprises in the process of development and going to the world, but also to learn and make good use of capital markets in capital operation. As an important means to foster and enhance the competitiveness of state-owned enterprises, the overall listing of state-owned enterprises policy provides an opportunity for the long-term development of state-owned enterprises, but also makes the state-owned enterprises in the game with the institutions in an ”awkward“ situation. Value, but also contains a high risk. In the process of implementing the overall listing of state-owned enterprises, it is the key to how to properly integrate the listed companies in order to promote the overall listing. It can be said that the active use of capital operation means and techniques to subordinate listed companies to be integrated and listed, is conducive to the state-owned groups to balance the benefits and risks. Specifically, the ”stock price."