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随着中国证监会关于以二级市场市值为标准向投资者配售新股的政策出台，有关我国股票一二级市场非均衡问题再次受到广泛的关注。普遍认为一二级市场间存在着超额利润，引起风险和收益的不对称，导致了两个市场的供求严重失衡。而造成非均衡的直接原因归结于新股发行定价过低，
With the promulgation of the CSRC’s policy on placing new shares to investors on the basis of the market capitalization of the secondary market, the issue of non-equilibrium in the primary and secondary markets of the Chinese stock once again receives extensive attention once again. It is generally believed that there is excess profit between primary and secondary markets, causing asymmetry in risks and returns, leading to a serious imbalance between supply and demand in the two markets. The direct cause of non-equilibrium due to IPO pricing is too low,