自2002年10月8日证监会颁布《上市公司收购管理办法》以来,在2003年,在中国证券市场上演了多起上市公司要约收购事件,但这些事件与李东生领导下的TCL所发生的换股合并相比,显然在想像力上都略显苍白了。2004年1月13日,TCL通讯公告终止上市,同月30日,TCL集团在深圳证券交易所上市交易。自此,中国证券市场上首例非 Since October 8, 2002, the CSRC promulgated the Measures for the Administration of the Acquisition of Listed Companies, in 2003, a number of takeovers and acquisitions of listed companies staged in China’s securities market. However, these incidents occurred in line with the change of TCL under the leadership of Li Dongsheng Compared to the stock merger, apparently slightly pale in imagination. January 13, 2004, TCL Communication Notice to terminate the listing, the same month on the 30th, TCL Group listed on the Shenzhen Stock Exchange. Since then, China’s securities market, the first case of non-