折价发行

这些回归使用的解释变量都是实际的发行价，因而，当一级市场存在人为折价发行时，这些回归方程就已经低估了IPO的真实价值，回归结果当然也就缺乏可信度。

Explanatory variables used in these regressions are the actual issue price , and therefore , when artificially issued at a discount on the primary market , these regression equations had underestimated the true value of the IPO . Of course , the regression results will lack credibility .

论折价发行、异价发行与分期缴纳规则

Rules of Issuing at a Discount , Issuing at Different Prices and Paying by Instalments

首先，本文对承销商托市的具体行为、其与新股折价发行的关系以及托市动机进行讨论，并综述国内外关于IPO承销商托市的研究，对研究方法进行理论上的阐述。

In the first place , this paper simply describes the concrete behavior and motives of stabilization , the relationship between underpricing and it , also makes a study of underwriters ' stabilization on IPO in the domestic and international stock market and describes the detailed test methods of stabilization .

股票折价发行之比较研究

On the Issuance of Discount Shares : A Comparative Study

一般只有这两种，债券是不允许折价发行的。

Usually only two , is not allowed to discount bonds issued .

股票折价发行很少出现，在许多州也是不合法的。

The issuance of stock at a discount is seldom encountered ; it is illegal in many states .

一些关注中国的基金最近也在大幅折价发行。

It is also the case that recently some closed in China funds have been selling at substantial discounts .

折价发行规则为亏损企业对外融资提供了可行的空间。

The rule of issuing at a discount provides feasible space for deficient enterprises to finance from the public .

另外，由于各国央行在放贷时接受折价发行的政府债券作为抵押品，因此它们也一直在为政府融资。

Moreover , because national central banks have lent against discounted public debt , they have been financing their governments .

万达院线将向其未上市的母公司和其他股东折价发行新股，以募集68亿美元。

Wanda Cinema will issue new shares to its unlisted parent and other shareholders at a discount , raising $ 6.8bn .

对于凯雷而言，这样的发行价显然令人失望，因为凯雷早就觉得自己是在折价发行了。

This obviously is a disappointing result for Carlyle , which already felt that it was offering its shares at a discount .

在非流通股东占控股地位的情况下，它会选择折价发行并向全体股东配售这一对其最为有利而对流通股东最为不利的可转债发行方案。

Since the illiquid shareholders are at the controlling status , they will choose the discount issuing and distribute them to all shareholders , which is the worst for liquid shareholders .

如果放任不管，银行业可能会通过缩减贷款来提高资本充足率，而不是折价发行新股或出售资产。

Left on their own , the banks would probably choose to cut back on lending to boost their capital as opposed to issuing new equity or selling assets at fire sale prices .

文章对承销商托市的具体行为，其与新股折价发行的关系以及托市动机进行了阐述，并探讨了分别基于托市交易数据和后市异常现象的承销商托市行为的研究方法。

This article describes the concrete behavior and motives of stabilization , its relationship with the underpricing of new issues , and probes into the detailed test methods of stabilization based on actual transaction data of stabilization and aftermarket abnormal phenomena .

本文拟通过对部分国家和地区之间相关制度的比较研究，探求股票折价发行禁止的根源，论证股票折价发行制度之发展趋势。

This paper , based on a comparative study of the relevant practices and systems in some countries and regions , aims to investigate the root of the prohibition of discount shares issuance in China and discuss the trend in this field .

依此衡量，我国资本市场尚遗存诸多病态的管制思维&禁止股票折价发行和亏损公司股票暂停上市或终止上市成规即属此例。

Accordingly , in the capital market of China , there are still a great deal of unreasonable control including forbidding to issue the discount stocks and having the stocks of a company with a deficit suspend of terminate to come into market .

债券溢价或折价发行时，实收价款与面值的差额应当单独核算，在债券到期前分期冲减或者增加各期的利息支出。

When bonds are issued in premium or discount , the difference between the amount actually obtained and the par value shall be accounted independently , and be written off periodically or increasing the interest expenses of every period prior to the maturity of bonds .

关于公司债券折价溢价发行的摊销债券溢（折）价摊销新方法探讨

The Amortization of Bond 's Par Pricing upon Issues Research on New Amortization Method with the Premium or Discount of Bonds

巨灾债券是巨灾风险证券化多种形式中发行量最大、最为成功的一种，它是近十几年内国际风险管理领域的一个重要创新。我国股市原始股折价与发行量的实证研究

Catastrophe bond is one of the most important innovations in the international field of risk management in twenty years . An Empirical Research on IPO Underpricing and Trading Volume in Chinese Stock Markets