当前对市场危害最大的主要有私募基金、大宗交易机构伪市值管理两种模式,前者联合上市公司坐庄操控,后者以资金优势拉抬股价帮助股东减持作为上市公司的战略资源,市值是公司综合实力的象征,不仅决定着收购与反收购能力的强弱,还决定公司融资成本的高低以及股东财富的多寡。顶层制度设计首次提出“鼓励上 Currently the most harmful to the market are mainly private equity funds, bulk trading institutions pseudo market value management of two models, the former joint listed companies Zuozhuang control, the latter with the capital advantage to lift the stock price to help shareholders reduce the strategic resources as a listed company, the market capitalization of the company The symbol of comprehensive strength not only determines the strength of acquisition and anti-acquisition capabilities, but also determines the level of financing costs and the amount of shareholder wealth. Top system design was first proposed ”to encourage