中文版

停牌为何能复牌？

在证券市场中，停牌和复牌是常见的现象。停牌，即暂时停止股票的交易活动，通常是由于上市公司需要公布重大信息、进行重大资产重组、面临临时性的监管审查等原因而采取的临时措施。而复牌，则是停牌结束后，股票重新恢复交易的状态。

停牌作为一种市场调节机制，其目的在于保护投资者的利益，维护市场的公平、公正和透明。在停牌期间，上市公司有足够的时间来准备和公布相关信息，投资者也有机会充分消化这些信息，从而做出更为理性的投资决策。

停牌能复牌，是因为停牌的原因已经消除或得到了妥善处理。例如，上市公司完成了重大资产重组、公布了重要信息或通过了监管审查等，此时市场已经重新具备了交易的条件，因此可以恢复交易。复牌意味着市场重新开放，投资者可以继续买卖股票，市场的流动性得以恢复。

然而，停牌与复牌并非简单的开关操作，其背后涉及到市场的稳定性、信息的透明度以及投资者的权益保障等多方面因素。因此，在停牌与复牌的过程中，监管部门和交易所都需要严格把关，确保市场的有序运行。

总的来说，停牌能复牌是证券市场正常运作的一部分。停牌期间，市场得以暂时平息，为投资者提供了消化信息和调整投资策略的机会；而复牌则使市场重新焕发活力，恢复了交易功能。通过停牌与复牌的交替进行，证券市场得以维持其稳定、公平和透明的特性。

英文版

Why Can a Suspended Stock Resume Trading?

In the securities market, the suspension and resumption of trading are common occurrences. Suspension, which temporarily halts the trading activities of a stock, is often implemented as a temporary measure when listed companies need to disclose significant information, undergo major asset reorganizations, or face temporary regulatory reviews. Resumption of trading, on the other hand, refers to the state where the stock resumes trading after the suspension period ends.

Suspension serves as a market regulation mechanism aimed at protecting investors' interests and maintaining fairness, impartiality, and transparency in the market. During the suspension period, listed companies have sufficient time to prepare and disclose relevant information, while investors have the opportunity to fully digest these information and make more rational investment decisions.

The reason why a suspended stock can resume trading is that the reasons for the suspension have been eliminated or properly handled. For instance, a listed company may have completed a major asset reorganization, disclosed important information, or passed regulatory reviews. At this point, the market conditions for trading have been restored, and thus trading can resume. The resumption of trading signifies the reopening of the market, allowing investors to continue buying and selling stocks, and restoring market liquidity.

However, the suspension and resumption of trading are not simply on-off operations; they involve various factors such as market stability, information transparency, and investors' rights protection. Therefore, regulatory authorities and exchanges need to strictly oversee the process to ensure the orderly operation of the market.

Overall, the resumption of trading after suspension is a normal part of the securities market's operation. During the suspension period, the market can temporarily calm down, providing investors with an opportunity to digest information and adjust their investment strategies. The resumption of trading rejuvenates the market and restores its trading functions. Through the alternating process of suspension and resumption, the securities market maintains its stability, fairness, and transparency.