为什么要给配股除权

在股市中，配股是一种筹集资金的方式，公司利用这种方式向现有股东发行新股，并按照一定比例向他们配售。在配股完成后，通常会进行除权处理。那么，为什么要给配股除权呢？

配股除权是为了保护股东利益。当公司进行配股时，会向现有股东发行新股，作为他们优先购买的权益。这有助于增加公司的资本实力，并且给予现有股东以额外的权益。然而，如果不对配股进行除权处理，可能会导致配股后原股东的权益被稀释。通过除权，可以确保每个股东所持有的股份相对稳定，从而保护其利益。

英文翻译：

Why should we give bonus shares ex-rights?

In the stock market, a rights issue is a way for a company to raise funds by issuing new shares to existing shareholders at a predetermined ratio. After the rights issue is completed, an ex-rights adjustment is usually made. So why should we give bonus shares ex-rights?

The ex-rights adjustment is made to protect the interests of shareholders. When a company carries out a rights issue, it issues new shares to existing shareholders as a priority offering. This helps to increase the company's capital strength and provides existing shareholders with additional rights. However, if the rights issue is not adjusted ex-rights, it may lead to dilution of the rights of existing shareholders after the rights issue. Through an ex-rights adjustment, the stability of the shares held by each shareholder can be ensured, thereby protecting their interests.

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配股除权有助于维护市场公平性。在配股完成后，新股会被纳入市场交易，成为可供投资者自由交易的股票。如果不进行除权处理，那么原股东持有的股票就会带有一种特权，他们可以在市场上出售这些股票，并获得额外收益。这将导致市场的不公平，从而影响其他投资者的利益。通过对配股进行除权处理，可以消除这种特权，使所有投资者在市场上的权益更加平等。

English translation:

Bonus shares ex-rights help maintain market fairness. After the rights issue is completed, the new shares will be listed for trading in the market, becoming stocks that are freely tradable by investors. If no ex-rights adjustment is made, the original shareholders will hold shares with a privilege, allowing them to sell these shares in the market and gain additional profits. This would lead to market unfairness, affecting the interests of other investors. By making an ex-rights adjustment to the bonus shares, this privilege can be eliminated, making the rights of all investors in the market more equal.

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配股除权有助于增加市场流动性。在配股完成后，纳入市场交易的新股将给市场带来更多的交易机会和流动性。由于新股的涌入，投资者可以更方便地进行买卖操作，并能够更快速地进入或退出某只股票。这将促进市场的活跃度，提高市场的效率。配股除权旨在保持市场的平稳运行，使所有参与者都能够享受到市场流动性的好处。

English translation:

Bonus shares ex-rights help increase market liquidity. After the rights issue is completed, the new shares listed for trading in the market will bring more trading opportunities and liquidity to the market. With the influx of new shares, investors can more conveniently engage in buying and selling transactions and have the ability to enter or exit a stock more quickly. This will promote market activity and enhance market efficiency. The ex-rights adjustment of bonus shares aims to maintain the smooth operation of the market, allowing all participants to enjoy the benefits of market liquidity.

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总之，配股除权是为了保护现有股东的利益，维护市场的公平性和增加市场流动性。通过对配股进行除权处理，可以确保股东的权益不被稀释，防止市场出现特权，同时提升市场活跃度和效率。因此，给配股除权具有重要的意义。

English translation:

In conclusion, giving bonus shares ex-rights is to protect the interests of existing shareholders, maintain market fairness, and increase market liquidity. By making ex-rights adjustments to the bonus shares, it can ensure that the rights of shareholders are not diluted, prevent market privileges, and enhance market activity and efficiency. Therefore, giving bonus shares ex-rights is of significant importance.