交叉持股的主要特征是，甲持有乙的股权；乙持有丙的股权；丙又持有甲的股权……在牛市行情中，甲乙丙公司的资产都实现了增值，意味着它们所持有的别的公司股权也在升值，进而又刺激自身股价上涨，从而形成互动性上涨关系，也形成了泡沫性牛市机制。
交叉持股制度 the system of cross-shareholding
The cross shareholding of companies has developed tens of years in the westerncountries which has very highly developed company economy, however in ourcountry, it still belongs to the stage of sprouting.
公司交叉持股的股权结构在公司经济十分发达的西方国家已经有了几十年的发展历史,而在我国尚属萌芽的阶段。
参考来源 - 试论交叉持股及其法律规制Secondly, there is lack of regulations on cross-shareholding relationship formed on the basis of reinvestment. Multiple parties’ investment may form cross-shareholding which can be classified into horizontal cross-shareholding and vertical cross-shareholding.
其次,缺乏对基于转投资形成的交叉持股法律关系的规制。
参考来源 - 公司转投资法律问题研究（研究生论文）ChapterⅡThe Role of Cross Share-holding.
第二章:交叉持股的功能。
参考来源 - 交叉持股法律问题研究（研究生论文）The second part is an all-around of literature of the cross shareholding.
第二部分是对企业交叉持股研究文献的一个综合性回顾。
参考来源 - 我国上市公司交叉持股与经营绩效问题研究This thesis researches the formation of the over-inflated stocks, as well as providing factual examples to explain the operational methods, procedures and outcomes for Parent-subsidiary cross-shareholding companies.
本文研究地雷股的形成,并引用实际案例说明母子公司交叉持股的操作手法、过程、结果。
参考来源 - 台湾上市公司母子交叉持股与库藏股制度之研究Merger and acquisition, cross share-holding and airline alliance are the three patterns respectively for the above mentioned three phases.
并购，交叉持股和航空联盟是这三个阶段的重要重组模式。
参考来源 - 我国航空客运产业重组动因及模式的研究·2,447,543篇论文数据，部分数据来源于NoteExpress
家族控制通过复杂的交叉持股网络而得到保证。
Family control is guaranteed by a complex web of cross-shareholdings.
供应商、客户和银行等友好利益相关者的交叉持股，可能占市场的三分之二。
Crossshareholdings held by friendly stakeholders such as suppliers, clients and Banks accounted for perhaps two-thirds of the market.
交叉持股——这就意味着一对公司可以互相支持对方的股价和收益——这一点都不平常。
Circular ownership — with the potential for a pair of companies to prop up each other's share price and earnings — is not at all uncommon.
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