ipos (initial public offering) meaning in Chinese
首次上市
Examples
- China ' s stock market has developed greatly during the past over one decade , but with several problems accompanied like earning manipulation of ipo ( initial public offering )
中国证券市场经过十几年的发展已经具有了相当的规模，但与之相伴随的问题也层出不穷， ipo公司的利润操纵行为就是其中一个。 - Practices of venture capital in china have shown : 1 ) venture capital industrial is lack of fund , fine system , preferential polices and laws , medium - organization and the capital market such as ipo ( initial public offering ) and the second - board share market where investors can sale the shares . that is to say , the development of venture capital industrial in china lacks of preferential macro - scope environment . so the unfit government behavior is the mam restrictive factor . 2 ) venture capital industrial is wholly controlled and practiced by the government , which is the main investor of venture capital organization , while there is not outstanding achievement both theory and practice have shown : venture capital industrial will not succeed if government is the main investor for a long time
具体体现为： ( 1 )相当多的风险投资机构运作困难，效益低下，大多数都违背了设立的初衷； ( 2 )风险投资资金缺乏，来源单一，总量不足； ( 3 )风险投资者的利益得不到保护，导致投资者积极性不高，加剧了风险资本的匮乏； ( 4 )风险投资在投资、融资和实现回报等各个环节的障碍很多，无法实现良性循环，造成风险投资的成本和风险过高，收益偏低； ( 5 )风险投资发展中政企不分，缺乏现代企业制度中的激励机制和硬预算约束机制，投资成功率低。