优先股强制转股价低于每股净资产值的做法损害了公司老股东的利益,同时也意味着国有资产的流失。从今年4月24日广汇能源率先拉开优先股发行序幕以来,在随后一个月的时间内,已有浦发银行、农行、中行三家上市银行发布了优先股发行方案,累计融资不超过2100亿元,成为优先股融资的急先锋。这是意料之中的事情。因为目前银行股股价普遍低于每股净资产值,从而导致其普通股再融资面临困境。而不受股价涨跌影响的优先股再融资因此缓解了银行股 The practice that the conversion of preferred shares below the NAV per share has hurt the interests of the old shareholders of the company and also meant the loss of state assets. From April 24 this year, Guanghui Energy took the lead in opening preferential release of preferred shares, in the following month’s time, there have been Shanghai Pudong Development Bank, Agricultural Bank of China Bank three listed banks issued a preferred share issue program, the cumulative financing of not more than 210 billion Yuan, a vanguard of preferred shares financing. This is an expected thing. Because the bank shares are generally lower than the net asset value per share, which led to the refinancing of its common stock plight. The refinancing of preferred shares, which is not affected by the price changes, therefore eased bank shares