Due to some historical reasons, the majority of Chinese publicly listed companies were born of some high-productive capital from their mother companies and from spin-off listing.

由于历史原因，我国很多上市公司是由集团公司从其经营性资产中分拆部分质量好、盈利性高的资产进行包装上市而来。

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Secondly the paper comparing to spin-off listing which has several disadvantages, holistic listing plays a more active role to China 'stock market and enterprises as well as its some questions.

其次，整体上市是相对于分拆上市而言的，在分析分拆上市的主要弊端的同时，指出了整体上市对我国证券市场和企业经营的积极作用。

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Mr. Loeb is pushing to spin off 15% to 20% of the company's entertainment assets into a public listing.

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