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当前,改革新股发行方式,最主要的是要解决一级市场的无风险利润和一、二级市场的价差太大,以及操纵股价、中小投资者利益受损、股市动荡问题。“网下机构询价申购+(账户摇号抽签+市值配售)”的发行方式,能够使长期以来存在的申购新股无风险的状况得到改变,使申购新股建立在论质定价和承担风险的基础上,有利于鼓励二级市场投资,鼓励价值投资、长期投资,对股票市场的稳定健康发展有重要作用。
At present, the most important method for reforming the issuance of new shares is to solve the risk-free profit in the primary market and the spread in the primary and secondary markets as well as the problems of manipulating the stock price, the interests of small and medium-sized investors and the stock market turmoil. “Under the net purchase of agency inquiry + (account lottery lottery lottery with market value) ” issue, can make long-term subscription of new shares risk-free situation has been changed to make the purchase of new shares based on the qualitative pricing and risk-taking Based on this, it is conducive to encouraging investment in the secondary market, encouraging value investment and long-term investment, and plays an important role in the stable and healthy development of the stock market.