前期市场承受了一场“联通冲击波”,虽然此前我们已经有过宝钢、中石化等航母发行上市的经历,但这次所感受的震动却要远远大于前面几次航母的“下水”。中国联通发行给市场带来的特殊现象似乎难以解释,但仔细考虑之后却发现有其相应的道理。联通之所以倍受关注主要有以下理由:一是其不同于中石化、宝钢的特殊的红筹背景,给市场以一种新的认识空间。二是联通电信运营商的特殊行业背景吸引了市场的注意力。三是通信行业的行业特征多少有别于传统行业。 Previous market endured a “Unicom shock wave”, although we have had Baosteel, Sinopec and other aircraft carrier issuers listed before the experience, but the feelings of this vibration is far greater than the previous several carriers’ launching. The special phenomenon that China Unicom issued to the market seems difficult to explain, but after careful consideration, it found its corresponding truth. Unicom has attracted much attention for the following reasons: First, its special background different from Sinopec, Baosteel red background to the market with a new understanding of space. The second is the special industry background of China Unicom telecom operators to attract the attention of the market. Third, the industry characteristics of the telecommunications industry is somewhat different from the traditional industries.