股票什么叫全网发行？

中文段落：

全网发行，又称为“全面发行”或“全网配售”，是指在股票发行过程中，发行人通过全国性的证券交易所或证券登记结算机构，将新发行的股票向全体投资者公开发售的方式。这种方式下，无论是机构投资者还是个人投资者，都有机会通过证券交易所或证券登记结算机构进行申购。

全网发行的特点在于其公开、公平、公正的原则。所有投资者在申购新股时，都遵循相同的规则和流程，没有特殊的门槛或限制。这有助于维护市场的公平性和透明度，防止市场操纵和不当行为。

全网发行也有助于提高市场的流动性和活跃度。由于新股发行面向全体投资者，吸引了更多的投资者参与，增加了市场的交易量。这不仅有助于提升市场的整体表现，也为投资者提供了更多的投资机会。

然而，全网发行也存在一定的风险。由于新股发行数量有限，而投资者需求往往超过供应，这可能导致申购竞争激烈，中签率较低。因此，投资者在参与全网发行时，需要充分了解市场情况，理性评估自身风险承受能力。

英文段落：

Full-net issuance, also known as "full issuance" or "full-net placement," refers to the process where issuers offer newly issued stocks to all investors through nationwide stock exchanges or securities registration and settlement institutions during the stock issuance process. Under this approach, both institutional investors and individual investors have the opportunity to subscribe for the new stocks through stock exchanges or securities registration and settlement institutions.

The key feature of full-net issuance lies in its principles of openness, fairness, and transparency. All investors follow the same rules and procedures when subscribing for new stocks, without any special thresholds or restrictions. This helps maintain market fairness and transparency, preventing market manipulation and improper conduct.

Full-net issuance also contributes to improving market liquidity and activity. As new stock issuance is open to all investors, it attracts more investors to participate, increasing market trading volume. This not only helps enhance the overall performance of the market but also provides investors with more investment opportunities.

However, full-net issuance also comes with certain risks. Due to the limited supply of new stock issuance and often exceeding demand from investors, this may lead to intense competition in subscription and a low lottery winning rate. Therefore, investors need to fully understand market conditions and rationally assess their risk tolerance when participating in full-net issuance.