论文部分内容阅读
“杠杆玩家”们万科股权之争剧情反复、事态不断升级,已成为当前资本市场的标志性事件。其中热议的当属“宝能系”举牌的资金来源和杠杆行为是否合规?王石认为,宝能系杠杆或在20倍以上,“用很高的成本集资,再放很高的杠杆来做高风险的股票投资,不断举牌,攻城略地,会对实体经济产生不良影响。”“我们内部也进行了严格的压力测试,测试结果显示即便在最不利的情形下我们的现金流水平、盈利能力依然保持良好水平。”姚振华说,宝能旗下的钜盛华投资万科的资金来源风险可控、合
“Leverage players ” Vanke equity dispute over the plot repeated escalation has become a landmark event in the current capital markets. One of the hot discussion is “Bao can Department ” placards funding sources and leverage behavior is compliance? Wang Shi believes that the treasure can be leveraged or more than 20 times, “use very high cost fund-raising, High leverage to do high-risk stock investment, constantly placards, the siege slightly, will have a negative impact on the real economy. ”“ We also conducted a rigorous stress test, the test results show that even in the most adverse circumstances, we Cash flow, profitability is still maintained at a good level. ”Yao Zhenhua said that the treasurer’s huge Shenghua investment Vanke risk controllable sources of funds