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7月1日起开始实行的《证券法》将成为中国资本市场发展史上的一个里程碑,它不仅规范了市场主客体的行为,更为以市场为基础进行的一系列融资、兼并、收购活动提供了丰富的想像空间。有人曾断言,今后围绕二级市场展开的企业兼并收购活动将进入一个活跃期。上市公司与非上市公司之间以资产重组、瓜分市场资源为目的的兼并收购战将带来资本市场资源配置格局的巨大变化。反观近几年,中国企业在经历了一次低成本扩张热潮之后,进入了一个沉寂时期,尽管时间不长,但已有相
The Securities Law, which came into force on July 1, will become a milestone in the history of the development of China’s capital market. It not only regulates the conduct of the market and its clients, but also provides a series of financing, merger and acquisition activities based on the market A wealth of imagination. Someone once asserted that in the future, the merger and acquisition of enterprises around the secondary market will enter an active phase. Merger and acquisition warfare between listed companies and non-listed companies with the aim of reorganizing assets and dividing market resources will bring about tremendous changes in the allocation of resources in the capital market. In contrast, in recent years, after experiencing a low-cost expansion boom, Chinese enterprises have entered a quiet period. Although not long ago,