股权分置改革全面铺开,市场的参与者以两种不同的心态看“多”市场,一是抢在“新老划断”的新股发行之前追求中短期效益;二是长期看好后股改市场。证券市场是一个投融资市场,在短期内行政性终止市场的融资功能只能是过渡性措施。虽然多数人都以“新老划断”作为股权分置改革基本完成的标志, 但新市场究竟新在哪里?仁者见仁,智者见智。 The split share structure reform rolled out in an all-round way. Participants in the market looked at the “multiple” markets in two different attitudes. First, they sought the medium and short-term benefits prior to the issuance of new and existing dividends. Second, . Stock market is a investment and financing market, in the short term administrative termination of the market financing function can only be a transitional measure. Although most people use the “new and old decision-making” as a symbol of the basically completed reform of the non-tradable shares, what is new in the market? Where are the new benevolents?