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今年以来,再融资的公司已经募集了近百亿的资金,另外还有50 多亿的可转债,40 多亿的增发、30多亿的配股等待获批。在中小板上,还有大量的公司等待筹资。中央企业的改制、超级航母传闻中的发行,在当前脆弱的市场中,成为影响市场人气的重要因素。 宝钢股份的再融资方案终于浮出水面,280亿的规模作为扩容的利空因素显而易见,值得指出的是,宝钢的增发行为不仅是宝钢股份一个案例,它更进一步揭露出我们的证券市场多年以来的生存逻辑,那就是证券市场的融资功能的本性。也正因为如此,整个市场出现了下滑,人们很难想象象中国石化、华能国际、长江电力等这批大型国有企业还会推出怎样的大规模融资方案。
This year, refinancing companies have raised nearly 10 billion of funds, in addition to more than 50 billion of convertible bonds, more than 4 billion additional issuance, more than 30 billion rights issue pending approval. Small plates, there are a large number of companies waiting for funding. The restructuring of the central SOEs and the issuance of the rumors of the super-aircraft carrier have become an important factor influencing market sentiment in the current fragile market. Baosteel’s refinancing plan finally surfaced, the scale of 28 billion as a negative factor expansion is obvious, it is worth noting that Baosteel’s additional behavior is not only a case of Baosteel, it further revealed that our stock market over the years Survival logic, that is, the nature of the financing function of the securities market. Precisely because of this, the entire market has declined, it is difficult to imagine what kind of large-scale financing programs such as Sinopec, Huaneng Power International, Yangtze Power and other large state-owned enterprises will launch.