美国的资本市场正在逐渐好转,纳斯达克指数已经创出12年来的历史新高,但“中国概念股”(以下简称“中概股”)的表现差强人意。据美国罗仕证券统计,2011年共有22家在美国上市的中国公司宣布或已经完成私有化退市。该机构还预计,私有化交易在2012年将继续保持强劲势头。“价值被严重低估,资本市场失去再融资功能,是此次中概股集体退市的主要原因。”北京大学产业与金融发展研究中心秘书长黄嵩副教授如是说。因为价值低估或难再融资而产生退市念头的中概股,绝对能占到上市总额的50%以上;而私有化进 The capital market in the United States is gradually getting better. The Nasdaq Index has hit a record high for 12 years. However, the performance of “China Concept Shares” (“ZKSHZ”) is far from satisfactory. According to the United States ROTH Securities statistics, in 2011 a total of 22 Chinese companies listed in the United States announced or has completed the privatization delisting. The agency also predicts that privatization will continue its strong momentum in 2012. “The value is seriously underestimated, the capital market lost refinancing function, is the main reason for the collective delisting.” "Huangsong, associate professor of Peking University Institute of Industry and Financial Development Research said. Since the value of underestimated or difficult to refinance and have the idea of ​​delisting stocks in absolute terms can account for more than 50% of the total market; and privatization