Welcome toChina Finance Net
About us | Add to Favorites | Chinese
Position:home>Financing tool>
Change buy development financing new approach
From;    Author:Stand originally
Since September 1, our country begins to be executed formally " appear on the market the company buys administrative way " (the following abbreviation " method " ) , appear on the market to what completely current condition falls the company is bought had a standard. Of method come on stage, make China appears on the market the game that the company buys is regular, transfer the position that the market sets up a separatist regime by force of arms by 2 class market, legal person share, comprehensive evolution arrived in the condition that conforms basically with western capital market, to appearing on the market the company undertakes capital is run undertake investing decision-making influence with investor, can saying is epoch-making. Change this, appear on the market to encouraging the company is bought, strengthen and buy superintend will produce positive effect, also seek exciting company on certain level update more feasible financing way.

Look from the final origin of capital, the financing means with the more application in be being bought is outside financing, it includes financing of debt financing, rights and interests and interpose at both the mixture financing between. Before method is carried out, what reach its function as a result of financial intermediary is special, make the financial intermediary amount that our country enterprise buys, form little, financing function is single, genuine liability buys financing to be special difficulty is in in practice. So, buy an enterprise to be divided in carry out and buying a process employ finite interior to accumulate besides, use all sorts of flexible means to raise money in succession buy fund, if covert,use financing of high interest of bank credit capital, illegal blackmarket to wait. This also makes our country current and buy financing resort serious and onefold, the limitation of out-of-pocket expense became our country company and buy the biggest bottleneck to restrict. So, after method comes on stage buy a resort, will there be He Liang to nod below completely current big environment?

Change buy, pay a method to pay with what company stock itself serves as and buy namely and buy square. What the basis changes a way is different can divide again to add endowment change, have in storage change, parent company and subsidiary across are changed etc. On market of our country capital, change truly buy begin 2000 Tsinghua is the same as square with Shandong Lu Ying electron amalgamative. But up to 2005 year end, 56 years between happened ten cases to change only buy, and among them great majority is to appear on the market the company absorbs amalgamative blame to appear on the market company, and incorporating for the most part basically is to solve historical bequeath problem.

Before method comes on stage, came on stage in November 2002 " appear on the market the company buys administrative way " allow to serve as with the negotiable securities that makes over lawfully buy pair of price, trade buy gave be made clear jurally and support. But because equity divides what buy condition involves with state-owned a blame that give priority to is current the problem is caused appear on the market the company buys more to reflect for action of market of governmental action and rather than; In the meantime, because the share is current,make to break up with the person with current blame the market price of the stock emerges an obstacle. Change be bought and did not receive wide application. When completely current broke equity to assign the blame that equity accuses to transfer place to involve below buy condition current make over a problem, all appearing on the market company assets is negotiable securities is changed, but current; The enterprise buys the way that will buy current share with the market to give priority to, bought price has Zhang Ke follow. Broke equity to assign the blame that equity accuses to transfer place to involve below buy condition when completely current bugle current make over a problem, all appearing on the market company assets is negotiable securities is changed, but current; The enterprise buys the way that will buy current share with the market to give priority to, bought price has Zhang Ke follow. This shows, change a lane that buys certainly will to will become new era wet.
Previous12 Next