【中文版】

举牌是指进行投资或交易时，投资者或交易者持有或买卖的证券数量达到一定的规模或比例，并且持有时间达到一定的标准，就可以被称为举牌。一般来说，举牌意味着投资者或交易者对市场趋势或公司前景的认可，同时也是一种策略性的投资行为。

在中国市场，举牌通常是指投资者或交易者持有上市公司的股份数量达到或超过5%，并且在报告期内不再出售，这就意味着该投资者或交易者已经举牌。举牌通常会引起市场的关注和投资者的关注，因为这意味着有新的资金进入市场，同时也可能改变市场的格局和投资者的策略。

举牌可以分为善意举牌和恶意举牌。善意举牌是指投资者或交易者认为公司具有长期投资价值而进行的投资行为，而恶意举牌则是指投资者或交易者通过大量买入股票成为第一大股东，并试图控制公司的行为。恶意举牌通常会引起市场的混乱和投资者的担忧，因为它可能导致公司控制权的转移和市场的不稳定。

【英文版】

The term "lifting the tile" refers to the act of investors or traders holding a certain amount or proportion of securities, usually for a certain period of time, in order to achieve certain strategic goals. This usually indicates investors' or traders' recognition of market trends or company prospects. In general, lifting the tile is both a strategic investment behavior and a signal of market attention.

In the Chinese market, lifting the tile usually refers to investors or traders holding 5% or more of the shares of a listed company and no longer selling them during the reporting period. This usually attracts market attention and investors' focus, as it signifies the entry of new funds into the market, which may also change market structure and investors' strategies.

Lifting the tile can be divided into "friendly lifting" and "hostile lifting." Friendly lifting refers to investors' or traders' recognition of a company's long-term investment value, while hostile lifting refers to investors or traders attempting to take control of a company by purchasing a large number of shares to become the largest shareholder. Hostile lifting usually causes market confusion and investor concern, as it may lead to the transfer of company control and market instability.