我国上市公司一直热衷于再融资,但再融资资金使用效率普遍较低,大量资金闲置浪费。核心能力是企业在激烈的竞争中拥有持续竞争优势的力量源泉,而企业核心能力的培育需要以充足的资金作保障。笔者认为,我国上市公司应将再融资资金运用于核心能力的培育。 China’s listed companies have been keen on refinancing, but the efficiency of refinancing funds is generally low, a lot of money idle waste. Core competence is the source of strength for enterprises to have sustainable competitive advantage in the fierce competition, and the nurturing of their core competencies needs adequate funding. The author believes that China’s listed companies should be refinancing funds used in the cultivation of core competencies.