去年两件事在大金融市场很抢眼,一是招行百亿可转债,二是银山化工类别表决。前者按下不表,后者值得一说。我们把市场全流通争论得沸沸扬扬,焦点就在同股不同权,同权不同利,利益是不同,当然就要争个人仰马翻。资金投资存在机会成本。以银山化工为例,假定国 Last year, two things were very eye-catching in the big financial markets. One was Merchants Bank’s 10 billion convertible bonds and the second was Yinshan Chemical’s category vote. The former is not pressed, the latter worth to say. We have heated up the debate on the issue of full circulation in the market. The focus is on the issue of the right to different shares of the same stock, the different rights and interests, and the different interests. There are opportunities for capital investment costs. Take Yinshan Chemical for example, suppose the country