摘要
通过对股票一、二级市场的发行价格、市盈率及收益率三方面的考察，我国股市的非均衡特征相当明显，其根源在于我国股票市场发行体制的非市场化。通过比较与借鉴国际现行的新股发行市场化模式，笔者认为，市场询价以及有选择的竞价发行方式值得在我国推崇；同时，解决当前新股发行实践中的非公平性问题，也是加快我国新股发行市场化改革步伐的重要举措。
The authors try to make a study of the issue price; market profitability rate and earning rate; come to a conclusion that features the inequilibrium in the stock market of China; which originates in the non－marketed issue system of Chinese stock market． After making a comparison of the existing international new stock issue market pattern with that of China; the authors conclude that two forms such as market inquiry and optional competitive price issue are worth choosing．
出处
《江西财经大学学报》
2001年第4期31-34,共4页
Journal of Jiangxi University of Finance and Economics
