再融资新政出台,影响力开始螺旋放大,并且出现了一些趋势性变化。沪深上市公司定向增发规则的改变,虽然所涉及的范围仅仅是部分再融资操作,但其影响却是巨大的。原因是,光在2016年中,沪深两市的上市公司通过定向增发实现再融资的资金数量就超过17000亿元,是同期以IPO形式融资的10倍还多。 Refinancing New Deal came out, the influence began spiral amplification, and there have been some trend changes. The changes in the private placement rules of Shanghai and Shenzhen stock exchanges, although the scope involved are only partial refinancing operations, but the impact is huge. The reason is that in 2016, the amount of funds raised through light of private placement by publicly traded companies in Shanghai and Shenzhen was over 1.7 trillion yuan, more than 10 times of that in the form of IPO in the same period.