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现行新股发行办法包括三个环节:(1)以低于二级市场平均市盈率的15倍(或以下)市盈率为标准的计划定价办法;(2)冻结客户资金的确定认购比率办法;(3)银行实划资金的验资办法。这种发行办法影响了股票市场的正常发展和宏观经济增长,应进行改革。
The current IPO method includes three aspects: (1) a planned pricing method based on 15 times (or below) the average price-earnings ratio of the secondary market; (2) a method of determining the subscription ratio for freezing the client’s funds; (3) Capital verification procedures for bank funds. This method of distribution has affected the normal development of the stock market and macroeconomic growth and should be reformed.