【中文版】

代持股票是指由他人名义持有，实际出资人通过与名义股东签订委托协议来控制和管理代持股份。虽然这种安排在某些情况下可以方便实际出资人的股权管理，但同时也存在一些风险。

首先，代持股票可能存在法律风险。在代持协议不符合法律规定的情况下，实际出资人可能会面临被认定为无效的风险。此外，如果实际出资人无法证明其与名义股东之间存在代持关系，那么实际出资人可能会失去对代持股份的控制权。

其次，代持股票可能存在道德风险。名义股东可能会滥用其控制权，将代持股份用于个人用途或者将其出售或抵押以获取个人利益。这种情况下，实际出资人可能会面临损失风险。

最后，代持股票可能存在财务风险。如果名义股东破产或失踪，实际出资人可能会面临无法取回代持股份的风险。此外，如果实际出资人需要资金时，无法通过代持股份进行融资或变现。

因此，在考虑代持股票时，实际出资人需要谨慎评估其中的风险并采取相应的措施来规避风险。例如，选择可信赖的名义股东、签订完善的代持协议、进行公证等。

【英文版】

Proxy-held stocks refer to stocks held by others in the name of a nominee shareholder on behalf of the actual investor, through a proxy agreement. Although this arrangement can facilitate the equity management of the actual investor in some cases, there are also some risks.

Firstly, proxy-held stocks may have legal risks. If the proxy agreement does not comply with the law, the actual investor may face the risk of being deemed invalid. In addition, if the actual investor cannot prove their relationship with the nominee shareholder, they may lose control over the proxy-held shares.

Secondly, proxy-held stocks may have moral risks. The nominee shareholder may abuse its control and use the proxy-held shares for personal purposes or sell or mortgage them for personal gain. In this case, the actual investor may face a risk of loss.

Finally, proxy-held stocks may have financial risks. If the nominee shareholder becomes bankrupt or disappears, the actual investor may face the risk of not being able to retrieve the proxy-held shares. In addition, if the actual investor needs funds, they cannot use the proxy-held shares for financing or liquidity.

Therefore, when considering proxy-held stocks, the actual investor needs to carefully evaluate the risks and take appropriate measures to avoid risks. For example, selecting a reliable nominee shareholder, signing a comprehensive proxy agreement, and notarization.