新闻 > 社会
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China

资本市场并购重组“退烧消肿”

2017-09-11 06:41:37   中国经济网

2016年9月份,修订后的《上市公司重大资产重组管理办法》对外发布。新规完善了重组上市的认定标准、配套监管措施,也强化了上市公司和中介机构责任,加大了问责力度。新规实施一年来,并购重组逐渐“退烧”和“消肿”,走上了更加理性的发展轨道

为治理并购重组乱象,抑制盲目跨界重组,引导上市公司专注主业,防止资金脱实向虚,2016年9月份,中国证监会发布《上市公司重大资产重组管理办法》。新规实施一年来,并购重组市场经历了2017年上半年的调整之后,逐渐“退烧”和“消肿”,走上了更加理性的发展轨道。

市场加速“退烧”

自2016年以来,我国并购重组案例大幅增加,到2017年上半年并购重组市场逐步回归理性,近一年多来,我国的并购市场更加规范和成熟。

上市公司并购重组,一般是指一家公司通过产权交易取得其他公司一定程度控制权,以增强自身经济实力、实现经济目标的经济行为。并购重组一般包括买壳上市、资产置换、上市公司分立、公司之间换股合作、公司收购、向第三方发行股份购买资产、大股东注资整体上市等多种形式。

清科研究中心数据显示,2016年全年我国并购市场共完成并购案例3105起,同比增长15.3%,披露并购金额的规模为1.84万亿元,同比增长76.6%。2017年上半年我国并购市场共完成1148起案例,同比下降28.29%,披露并购金额的规模为1.04万亿元,同比上升32.2%。

“去年以来,我国并购市场回落趋于理性,良性产业并购受到监管层鼓励,这是并购市场重新回暖的重要原因之一。”清科研究中心分析师韩青璐认为,2016年下半年以来,并购案例数量在监管趋严情况下有所回落。具体来看,2016年9月份,证监会发布修订后《上市公司重大资产重组管理办法》,给“炒壳”现象降温,抑制部分借壳上市等行为。监管层在近一年里持续收紧并购政策,对借壳交易、跨界并购从严审核,同时严厉打击“忽悠式重组”,遏制借并购重组的套利行为。2017年2月份发布的再融资新规与2017年5月份发布的减持新规,也在一定程度上为“高烧”的上市公司并购重组市场降低了温度。

具体落实“有保有压”

在中国证券业协会日前举行的“并购”保荐代表人系列培训会上,监管部门再度强调了对“绕道借壳”“轻资产跨界并购”从严监管的态度,鼓励上市公司开展产业并购。

上一页1/2下一页
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China

相关阅读

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
分享到:
0 0
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China

美图推荐

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China

为您推荐

加载更多>>
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/10000169/20170911/31350091.html
Server: cms-8-251
Date: 2024/12/02 08:19:00

Powered by China
China