B股上市公司转板路径研究

发布时间：2018-01-20 03:58

本文关键词： B股转板财富效应　出处：《哈尔滨理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：中国B股市场经历了二十多年的发展，遇到各种情况，也停滞发展很多年，一度被很多投资者和专家摒弃。自从2012年8月15日中集集团公宣告将B股转换至香港主板，并于12月20日在港交所挂牌交易后，使得B股再次成为学者和投资者关注的焦点。之后，B股转板事件频频发生，但相对于实践的发展，我国B股市场的相关研究论文却显得十分贫乏。B股上市公司转板一般符合什么条件？对上市公司自身有怎样的影响？政策层面给予怎样的态度？“B股市场定位和未来发展”不仅是一个众多学者喜欢探讨的话题，而且也成为众多投资者关注的方向。为此，，研究从B股市场的建立背景入手，系统梳理B股市场发展历程，剖析其现存问题，进而提出股市场转板路径的是基于“B股市场的发展将是由企业自下而上自寻出路主导+政策扶植，最终逐步取消B股市场”的假设；在此基础上，对当前已经完成转板的上市公司中集B、丽珠B、东电B，正在转板的上市公司万科B，以及闽灿坤B缩股等进行典型的案例研究，基于上述典型案例的归纳与分析，揭示出B股市场转板的可能路径，并对B股上市公司进行分类和财富分析，挖掘投资价值；通过系统剖析沪深两市B股市场的典型企业转板背景、转板方案和进程、转板财富效应，进而找出符合转板的特征和符合特征的B股公司。
[Abstract]:After more than 20 years of development, the B share market in China has been stagnant for many years. It has been rejected by many investors and experts since CIMC announced on August 15th 2012 that it would convert B-shares to Hong Kong's main board and traded on the Hong Kong Stock Exchange on December 20th. B shares once again become the focus of attention of scholars and investors. After that, B-share conversion events occur frequently, but relative to the development of practice. However, the relevant research papers of the B share market in our country are very poor. What conditions do the B share listed companies usually meet in the conversion board? What is the impact on the listed companies themselves? What is the policy attitude? "position and future development of B share market" is not only a topic that many scholars like to discuss, but also the direction that many investors pay attention to. Therefore, this paper starts with the background of the B share market, systematically combs the development course of the B share market, and analyzes its existing problems. Furthermore, it is based on the assumption that the development of the B-share market will be supported by the bottom-up and self-seeking leading policy of the enterprises, and eventually the B-share market will be abolished gradually. On this basis, the current completed conversion of the listed companies in B, Lizhu B, Tepco B, the listed company in the board of Vanke B, as well as MinCankun B shrink stock typical case study. Based on the induction and analysis of the typical cases mentioned above, this paper reveals the possible path of the B share market conversion, and classifies and analyzes the wealth of the B share listed companies in order to excavate the investment value. Through the systematic analysis of the typical background, scheme and process of the B share market in Shanghai and Shenzhen stock market, and the wealth effect of the conversion board, we can find out the B share companies which accord with the characteristics of the conversion board and the characteristics of the B shares.
【学位授予单位】：哈尔滨理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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