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随着经济全球化步伐的加快,创业板上市公司的数量呈现出逐年增加的趋势。创业板一级市场和二级市场存在着相辅相成的关系,一级市场的规模扩大会导致二级市场股票供给增加以及总资金流减少,致使股票价格下跌,对二级市场产生较大的冲击,反过来,股票价格的下跌降低了投资者的积极性,在一定程度上对上市公司融资额产生了不利影响。鉴于此,为了保持创业板的活力,本文分析了创业板一级市场与二级市场的联动效应,希望能为投资者提供参考。
With the acceleration of economic globalization, the number of GEM companies has shown an increasing trend year by year. There is a complementary relationship between the primary market and the secondary market of the GEM. The expansion of the primary market will lead to an increase in the stock supply in the secondary market and a decrease in the total capital flow, resulting in a drop in stock prices and a greater impact on the secondary market. In turn, the decline in stock prices has reduced the enthusiasm of investors, to a certain extent, adversely affected the amount of financing for listed companies. In view of this, in order to maintain the vitality of the GEM, this paper analyzes the linkage between the primary market and the secondary market GEM, hoping to provide investors with reference.