流通股本是什么意思：中英文双语解读

中文版

流通股本是什么意思？

流通股本，又称为流通股份，是指在股票市场中实际可交易的股份数量。它不包括公司创始人、大股东或内部人员持有的非流通股，也不包括被司法机关冻结的股份。流通股本的大小反映了公司股票的活跃程度和市场的流动性。

流通股本的大小对股票的价格和走势有着重要影响。一般来说，流通股本越大的公司，其股票的价格波动相对较小，因为大量的股份供应使得买卖行为对价格的影响变得相对平滑。相反，流通股本较小的公司，其股票价格波动可能较大，因为较少的股份供应使得买卖行为对价格的影响更为显著。

对于投资者来说，了解流通股本的大小有助于判断股票的投资价值和风险。在投资决策时，投资者需要结合公司的基本面情况、市场环境以及自身的风险偏好，综合考虑流通股本的大小以及其他相关因素，以做出更为明智的投资决策。

英文版

What Does "Circulating Stock Capital" Mean?

Circulating stock capital, also known as tradable shares, refers to the number of shares that are actually tradable in the stock market. It excludes non-tradable shares held by company founders, major shareholders, or insiders, as well as shares frozen by judicial authorities. The size of the circulating stock capital reflects the activity of a company's shares and the liquidity of the market.

The size of the circulating stock capital has a significant impact on the price and movement of a stock. Generally speaking, companies with a larger circulating stock capital tend to have smaller price fluctuations because the supply of a large number of shares makes the impact of buying and selling behavior on prices relatively smooth. In contrast, companies with a smaller circulating stock capital may experience larger price fluctuations as the limited supply of shares makes the impact of buying and selling behavior more pronounced.

For investors, understanding the size of the circulating stock capital helps to assess the investment value and risk of a stock. When making investment decisions, investors need to consider the company's fundamentals, market environment, and their own risk preferences, taking into account the size of the circulating stock capital as well as other relevant factors to make more informed investment decisions.