论文部分内容阅读
一、B股的历史回顾 B股是在我国境内发行的人民币特种股票,发行的对象是境外的自然人或机构。B股市场是为国内公司吸引境外外汇资金的特殊场所,这是我国改革开放初期外汇短缺、人民币不能自由兑换的外汇管制条件下的金融创新。那么一旦外汇不再短缺,B股市场就会面临功能与定位上的问题。综观B股定位的发展历程,可以将其分为两个阶段。
First, the historical review of B shares B shares are issued in China’s RMB special stocks, the object of distribution is a natural person or agency outside. The B-share market is a special place for domestic companies to attract foreign exchange funds abroad. This is a financial innovation under the condition of the foreign exchange control that is in short supply in the early stage of reform and opening up and the RMB can not be freely converted. So once the foreign exchange is no shortage, B-share market will face the function and positioning of the problem. Looking at the development process of B-share positioning, it can be divided into two stages.