企业上市为何被称为“圈钱”？

中文版

企业上市，通常被视为一种重要的资本运作手段，然而在这一过程中，企业上市有时会被形象地称为“圈钱”。这一称呼背后，其实蕴含了多重含义和观察角度。

首先，从字面意义上来看，“圈钱”意味着将资金聚集起来。企业上市的过程，就是通过发行股票，将公众的资金聚集到企业手中，从而扩大企业的资本规模，为其后续的运营和扩张提供资金支持。因此，从这个角度看，企业上市确实是在“圈钱”。

其次，上市也被视为企业获取低成本资金的一种方式。相对于银行贷款等融资方式，上市企业的融资成本通常较低。这是因为公众对于上市企业的信任度较高，愿意以较低的风险溢价购买其股票。这种低成本的资金获取方式，使得企业能够以更小的代价筹集到更多的资金，从而有助于其快速发展。

然而，我们也要看到，企业上市并不仅仅是“圈钱”那么简单。上市更是一种规范化的资本运作方式，要求企业遵循严格的信息披露制度，接受公众和监管机构的监督。同时，上市也需要企业具备较高的治理水平和盈利能力，这对于企业的长期发展是有益的。

因此，我们不能简单地将企业上市称为“圈钱”，而应该全面理解其背后的多重意义和价值。上市是企业发展的一种重要手段，同时也是对公众和投资者权益的一种保障。

英文版

Why Is a Company's Listing Called "Money-Raising"?

The listing of a company, often regarded as a significant capital operation tool, is sometimes referred to colloquially as "money-raising." This nickname encapsulates various meanings and perspectives.

Firstly, in a literal sense, "money-raising" implies the accumulation of funds. The process of a company's listing involves raising funds from the public through the issuance of shares, thereby expanding its capital base and providing financial support for its subsequent operations and expansion. From this perspective, a company's listing indeed involves "money-raising."

Secondly, listing is also seen as a means for companies to access low-cost capital. Compared to financing methods like bank loans, listed companies usually have lower financing costs. This is because the public has a high degree of trust in listed companies and is willing to purchase their shares at a lower risk premium. This low-cost method of capital acquisition allows companies to raise more funds with less cost, thus facilitating their rapid growth.

However, it's crucial to recognize that a company's listing isn't merely about "money-raising." Listing is also a standardized method of capital operation that requires companies to follow strict information disclosure regulations and accept supervision from the public and regulatory agencies. Additionally, listing demands that companies possess high governance standards and profitability, which are beneficial for their long-term development.

Therefore, we should not simply refer to a company's listing as "money-raising" but instead comprehensively understand its multiple meanings and values. Listing is an essential tool for a company's growth and also serves as a safeguard for the rights and interests of the public and investors.