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我国现行的新股发行制度是在2006年“新老划断”后开始实施的,对新股发行及定价走向市场化起到了重要的作用,但在实行过程中,也存在对于机构投资者和个人投资者的利益保护不均衡,一二级市场差异导致影响金融秩序等诸多的缺陷和不足。针对上述存在的问题,提出通过从发行定价到申购方法等一些列的变革,促使我国新股发行制度更加趋向于公平。
China’s current IPO system was implemented after the “old and new” decision in 2006, which has played an important role in the issue of IPO and pricing towards marketization. However, in the process of implementation, there are also some problems for institutional investors and The protection of individual investors’ interests is not balanced, and differences in primary and secondary markets lead to many deficiencies and deficiencies that affect the financial order. In view of the above problems, this paper proposes some changes in the pricing method from the issuance to the methods of purchase, so as to urge the IPO system in our country to become more fair.