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随着经济的进一步发展,股票市场成为资金流通的重要交易场所。然而,当前我国股市存在着严重的结构失衡的问题:一方面表现在大盘蓝筹股交投冷清,股票价值被严重低估,另一面则是以创业板为代表的中小盘股票被反复炒作,而导致的股票价值虚高。在这样的背景下,进一步完善我国资本市场定价机制,解决大盘蓝筹股交投冷清、价值低估等问题就显得十分必要。理论界也曾有过一些活跃大盘蓝筹股交投的讨论,本文以上市银行股为例,探索激活大盘蓝筹股的路径,作者认为,鼓励大型上市企业实行“回购注销”或能成为解决当前大盘蓝筹股问题的重要利器。
With the further development of the economy, the stock market has become an important trading place for capital circulation. However, there is a serious structural imbalance in the current stock market in our country: on the one hand it is manifested in the liquidity of the blue chip stocks in the broader market, the serious undervalue of the stock value and the repeated speculation of the small and medium-sized stocks represented by the GEM, The stock price is high. Under such a background, it is very necessary to further improve the pricing mechanism of China’s capital market and solve the problems of the blue-chip stocks trading deserted and undervalued. Theorists have also discussed some active large blue chip transactions. Taking the listed bank shares as an example, this paper explores the path of activating blue chip stocks. According to the author, the encouragement of large listed companies to implement “buy-back write-off” Large blue chip issues an important weapon.