股票上市的公司

Where the expiration date of the grace period precedes the statutory time limit for disclosing the annual financial statement of 2001 and if the company fails to disclose its 2001 annual financial statement prior to the expiration of the grace period, or it has disclosed the 2001 annual financial statement prior to the expiration of the grace period but fails to file an application within 5 working days after the expiration of the grace period, the stock exchange shall decide to terminate the listing of the stocks of the company within 10 working days after the expiration of the grace period.

宽限期结束日早于2001年度报告法定披露期限的公司，如果未在宽限期结束日之前披露2001年度报告，或者虽然在宽限期结束日之前披露了2001年度报告，但未在宽限期结束日后五个工作日内提出恢复上市申请的，证券交易所应当在公司宽限期结束日后十个工作日内做出公司股票终止上市的决定。

Hair-trigger "free overweight" 2% of the shares of listed companies facing large-scale spread of the situation, and Shanghai Shenzhen stock more than 300 central-owned enterprises listed companies is expected to become the "vanguard."

一触即发的"自由增持"2上市面临大规模传播公司的股票％的情况，上海深圳股市300多家国有上市公司的中央企业将成为"先锋队"。

Because of stock market's low efficiency,listed companies'internal control,stock financing's low cost and capital market's structural flaw,the listed companies of our country show strong stock financing preference on the choosing of refinancing method.

摘 要：由于股票市场的低效率、上市公司严重的内部人控制、股权融资的低成本以及资本市场的结构性缺陷等原因，我国上市公司在再融资方式的选择上，呈现出强烈的股权融资偏好。

The conclusions are as follows:(1) The mispricing in the stock market is the extrinsic motivation of Chinese listed companies stock financing preference. There are two considerations of stock financing preference.

本文在综合借鉴并吸收了国内外相关研究文献精华的基础上，结合行为金融理论，在非有效市场假设下，建立不同模型，对我国上市公司偏好股权融资的内外部动因进行了实证研究，并得到了如下结论：(1)股票市场的错误定价是造成上市公司股权融资偏好的外部原因。

If the stock market and listed companies from a profit cycle, the relative positions of view, we believe that the sample B is closer to the current market situation, that is, stock price performance of listed companies has been a sharp decline before the fall, and also experienced a year or so After the tightening macro-control policy began to relax.

如果股市和利润周期的角度来看，上市公司的相对位置，我们认为，样品B更接近目前的市场状况，即股票上市公司股价表现一直是在秋季到来前大幅下跌，也是经历了一年多的紧缩之后，宏观调控政策开始放松。

Reporter at Stanford this information-sharing agency database, found the experience of collective action list of some Chinese companies, at least the following five: China's largest online game developer and operator of one of the ninth city, China The first United States-listed high-tech agriculture, the concept of the company Agria, in the United States National Stock Exchange Main Board-listed flame Kunming Pharmaceutical, JASO, and the Taiwan medical device company Accuray, Uni-President Enterprises subordinate unified international BVI holding about 12 % of the company's stock.

本报记者在斯坦福的这个信息交流机构的数据库里，找到了遭遇集体诉讼的部分中国企业的名单，至少有如下5家：中国最大的网络游戏开发商和运营商之一的第九城市、中国第一家赴美上市的高科技农业概念公司华奥物种、在美国全美证券交易所主板上市的昆明圣火药业、晶澳太阳能以及台湾医疗设备公司Accuray，统一企业下属统一国际BVI持有约为12％的该公司股票。

Market bubble last year, we have seen a lot of listed companies in terms of market supervision is a problem, they misappropriated funds of listed companies engage in stock investment in high-risk violations, the performance of fraud, illegal financing is also often , But the positive is that the management is working to manage the city, put a lot of effective measures to further strengthen the financing and management.

市场泡沫去年，我们看到在监管方面有很多上市公司是一个问题，他们挪用上市公司资金进行股票高风险的投资行为，欺诈，非法性能融资也常常，但肯定的是管理工作的管理城市，提出了一系列有效措施，进一步加强融资和管理很多。

The clients Shi worked for or is working for are including: Hangzhou SongCity Travel Development Co., Ltd, Hangzhou Haihua Hotel, Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd, Zhejiang Shangfeng Industry Co., Ltd, Zhejiang King Refrigeration Industry Co. Ltd and Youcan International ING., for who Shi provided legal service for their IPO in or outside China or acted as long term legal counsel. Meanwhile, he also did some attempts and research on the new capital operation fields such as short term capital securities and assets securities. Mr. Shi dealt with the bankruptcy and reorganization project of Tianhe Securities Company and a large size real estate group company, which was valued at several billons, and had great social impact. Shi has dealt with over ten of corporation disputes for companies in all kinds, and had rich practice experience in the area of corporation litigation as well.

施海寅律师曾经或正在为杭州宋城旅游发展股份有限公司、杭州海华大酒店有限公司、浙江古越龙山绍兴酒股份有限公司、浙江上风实业股份有限公司、浙江国祥制冷工业股份有限公司、佑康食品国际有限公司等拟上市或已上市企业的国内外上市和股票发行以及常年顾问提供法律服务，同时在短期融资券及资产证券化等新型的资本运作领域也作了不少尝试和探索；施海寅律师处理的天和证券经纪有限公司和杭州某大型房地产集团有限公司破产重组业务涉及数十亿金额，具有重大的社会影响；施海寅律师在执业经历中处理了数十起各种类型的公司业务法律纠纷，在公司诉讼领域同样具有丰富的实务经验。

Chapter three:"The development and present situation of delisting system in our country's securities bussiness'Un this section, the necessity of establishing and consummating the delisting system is discussed and refer to some regulations of Company Law, Securities Law and the rivision process of "Measures for listing suspension and prohibition of loss-making listed company", the text analyses the changing characters of the stock market and the necessity of revision of the "Listing regulations of the stock"which is used in the Shenzheng and Shanghai securities exchange concourses and devides the development process of our delisting system into several sections with pointing out the influence to the stock market which is produced by relative regulations."

第三章为&我国证券市场退市制度的发展历程及现状&，本部分首先论述了我国建立和完善证券市场退市制度的必要性，并从我国《公司法》及《证券法》中有关退市的规定入手，通过对《亏损上市公司暂停上市和终止上市实施办法》前后几次的修订过程，分析了我国实施&退市令&前后证券市场的变化特征以及深沪两个交易所修订《股票上市规则》的必要性，将我国退市制度的发展过程分为几个阶段，列示了制度中的有关规定及对证券市场的影响。

On Wednesday, property company center Sena ,will list on the Stock Exchange of Thailand, one of list at least 14 companies expected to list here in the next few month s .

资产房地产公司希纳星期三即将列入在泰国股票交易所的名单中挂牌上市，至少有14家公司可能希望未来在今后的几个月时间里在这里上市。

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。