本文關鍵詞： B股 轉(zhuǎn)板 財富效應　出處：《哈爾濱理工大學》2014年碩士論文　論文類型：學位論文

【摘要】：中國B股市場經(jīng)歷了二十多年的發(fā)展，遇到各種情況，也停滯發(fā)展很多年，一度被很多投資者和專家摒棄。自從2012年8月15日中集集團公宣告將B股轉(zhuǎn)換至香港主板，并于12月20日在港交所掛牌交易后，使得B股再次成為學者和投資者關注的焦點。之后，B股轉(zhuǎn)板事件頻頻發(fā)生，但相對于實踐的發(fā)展，我國B股市場的相關研究論文卻顯得十分貧乏。B股上市公司轉(zhuǎn)板一般符合什么條件？對上市公司自身有怎樣的影響？政策層面給予怎樣的態(tài)度？“B股市場定位和未來發(fā)展”不僅是一個眾多學者喜歡探討的話題，而且也成為眾多投資者關注的方向。 為此，，研究從B股市場的建立背景入手，系統(tǒng)梳理B股市場發(fā)展歷程，剖析其現(xiàn)存問題，進而提出股市場轉(zhuǎn)板路徑的是基于“B股市場的發(fā)展將是由企業(yè)自下而上自尋出路主導+政策扶植，最終逐步取消B股市場”的假設；在此基礎上，對當前已經(jīng)完成轉(zhuǎn)板的上市公司中集B、麗珠B、東電B，正在轉(zhuǎn)板的上市公司萬科B，以及閩燦坤B縮股等進行典型的案例研究，基于上述典型案例的歸納與分析，揭示出B股市場轉(zhuǎn)板的可能路徑，并對B股上市公司進行分類和財富分析，挖掘投資價值；通過系統(tǒng)剖析滬深兩市B股市場的典型企業(yè)轉(zhuǎn)板背景、轉(zhuǎn)板方案和進程、轉(zhuǎn)板財富效應，進而找出符合轉(zhuǎn)板的特征和符合特征的B股公司。
[Abstract]:After more than 20 years of development, the B share market in China has been stagnant for many years. It has been rejected by many investors and experts since CIMC announced on August 15th 2012 that it would convert B-shares to Hong Kong's main board and traded on the Hong Kong Stock Exchange on December 20th. B shares once again become the focus of attention of scholars and investors. After that, B-share conversion events occur frequently, but relative to the development of practice. However, the relevant research papers of the B share market in our country are very poor. What conditions do the B share listed companies usually meet in the conversion board? What is the impact on the listed companies themselves? What is the policy attitude? "position and future development of B share market" is not only a topic that many scholars like to discuss, but also the direction that many investors pay attention to. Therefore, this paper starts with the background of the B share market, systematically combs the development course of the B share market, and analyzes its existing problems. Furthermore, it is based on the assumption that the development of the B-share market will be supported by the bottom-up and self-seeking leading policy of the enterprises, and eventually the B-share market will be abolished gradually. On this basis, the current completed conversion of the listed companies in B, Lizhu B, Tepco B, the listed company in the board of Vanke B, as well as MinCankun B shrink stock typical case study. Based on the induction and analysis of the typical cases mentioned above, this paper reveals the possible path of the B share market conversion, and classifies and analyzes the wealth of the B share listed companies in order to excavate the investment value. Through the systematic analysis of the typical background, scheme and process of the B share market in Shanghai and Shenzhen stock market, and the wealth effect of the conversion board, we can find out the B share companies which accord with the characteristics of the conversion board and the characteristics of the B shares.
【學位授予單位】：哈爾濱理工大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.51

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