股票为什么要除权？

除权是股票市场中一种常见的现象，指的是在股票分配红股或转增股后，对相应的股票价格进行调整，以维持市场的公平性和投资者利益。下面我们来探讨股票为什么要除权。英文翻译：Why are stocks diluted?

1. 维持市场公平性：股票除权是为了维持市场的公平性和避免操纵市场。在股票分配红股或转增股后，如果不进行除权，那么原股东的持股比例将会被稀释，这可能会导致大股东通过操纵股票价格来获取不当利益。通过除权，所有股东都站在同一起跑线上，公平地分享公司的发展成果。英文翻译：Maintaining market fairness: Stock dilution is necessary to maintain market fairness and avoid market manipulation. After stocks are allocated with bonus shares or additional shares, if dilution is not carried out, the ownership ratio of original shareholders will be diluted. This may allow major shareholders to gain undue benefits by manipulating stock prices. Through dilution, all shareholders are starting from the same point and sharing the fruits of the company's development equally.
2. 投资者利益保护：股票除权也有利于保护投资者的利益。如果不对股票价格进行调整，那么原股东的利益将会受到损害。通过除权，原股东可以按照自己的投资成本和持股比例继续持有公司股份，同时也可以获得公司未来发展的红利。英文翻译：Protecting investor interests: Stock dilution is also beneficial for protecting investors' interests. If the stock price is not adjusted, the interests of original shareholders will be harmed. Through dilution, original shareholders can continue to hold shares in the company according to their investment costs and ownership ratio, while also receiving dividends for the company's future development.