本文对我国上市公司增发新股的历史和现状进行了综述，并总结了上市公司增发行为的现实意义。
This paper reviews the history of new shares issue of Chinese listed company as well as its actuality, summarizing the practical meaning of the listed company's issuing new shares.
上市公司要重视增发新股的可行性论证工作，管理层要加强对上市公司增发新股行为进行监管，尽快建立健全增发新股约束机制。
Listed companies should attach great importance to the feasibility study of new issues, and the authorities should strengthen the regulation of new issues by listed companies an...
分析上市公司增发新股对每股净资产、每股收益、净资产收益率等财务指标的影响，指出上市公司增发新股的原因，应完善上市公司新股增发的约束机制。
An analysis is made on the impact of seasoned new issue upon such financial indicators as net asset per share, earning as per share, yield rate of net assets, etc.
通过增发新股发行更多股票的上市公司正面临一个越来越有活力的市场。
Public companies selling more shares of their stock through follow-on deals are encountering an increasingly vibrant market.
但作为市值超过1.63万亿元人民币的上市公司，工行增发相当于其现有股份至多20%新股的计划，可能会让市场承压。
But ICBC, with a market value of more than Rmb1,630bn, could weigh on markets with its plan to sell new stock equivalent to up to 20 per cent of its existing shares.
允许重组后的上市公司进行增发新股试点。
Allow for the reorganization of listed companies issuing new shares pilot.
近期我国上市公司频频推出增发新股再融资计划，引起股市剧烈动荡。
Recently, the listed corporations in China have frequently made plans for seasoned new issue and refinancing, which aroused sharp upheaval of the stock market.
增发新股成为越来越多的中国国内上市公司再融资的选择方式，对我国证券市场产生了重大影响。
More and more Chinese listed companies have adopted SPO as a means of refinancing, which greatly impacts Chinese stock market.
公司所核定的股本是固定的，不可因需求的变动而增发新股份。
The stock cost that the company decide is often fixed and will not increase even when the demands rise.
9月份是今年增发新股最活跃的一个月。增发通常会发生在上市公司决定向市场发售更多股份的时候。
September has been the most active month this year for follow-on issuance, which occurs when a publicly traded company decides to sell more shares into the market.
允许上市公司定向增发新股以支付并购对价的新政策实施时间虽然不长，但国内上市公司的并购活动已经开始发生新的变化。
The time of the new law applied that permitted the private issue is not long enough, but the listed firms M&A activities has begun to produce new changes.
增发新股一般会导致公司股票价格下跌（增发新股的股价效应）。
New issuance generally results in share-prices falling, which is called "share-price-effect".
增发新股一般会导致公司股票价格下跌（增发新股的股价效应）。
New issuance generally results in share-prices falling, which is called "share-price-effect".
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