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2009年10月23日,中国创业板正式启动。自上市以来,上市公司的超募资金现象就愈发严重。据统计,自2009年6月以来,国内主板和中小板企业IPO企业平均超募比例分别为37.56%和90.08%,而创业板首发上市企业的平均超募比例更是达到了136.16%,这些上市公司首次发行从投资者手中多募集的上千亿元,迄今为止,还没有产生太大的效益:数据显示,从资本市场来的超募资金,80%中的它们,又以募集资金专户的名义,以及其他各种方式,最后又回到了银行。这导致出现了“一边是600多家企业排队IPO上市融资,一边却是上市企业大量的超募资金被闲置”乱象。
On October 23, 2009, China’s GEM was officially launched. Since listing, the phenomenon of over-raised funds of listed companies has become more and more serious. According to statistics, since June 2009, the average over-raised ratio of domestic motherboards and small-cap companies is 37.56% and 90.08%, respectively, while the average over-raised ratio of GEM-listed companies reaches 136.16%. These are listed The company has raised over 100 billion yuan from the hands of investors for the first time. So far, it has not produced much benefit. According to statistics, over 80% of the funds raised from the capital market are raised in special accounts The name, and other various ways, and finally returned to the bank. This led to the emergence of “one side is more than 600 companies lining up IPO financing, while it is a large number of listed companies raised funds are idle” chaos.