Study On Effects Of Industrial Structure Of Rearramgement The Assets Of Stock A Market

One of the most important problems facing the further development of China's economy is the adjustment of industrial structure, which can be optimized and promoted in a large degree by rearrangement the asset of the securities market. First of all, this article discloses the particularity of assets rearrangement of the stock A market in China through a historical review and an internationally comparative study based on the knowledge and full understanding of the existing research and marketing practice of assets M&A domestically and abroad. Secondly a comparative analysis is made on the financial status of 339 stock A listed companies of Shanghai and Shenzhen Securities Exchange in 1999 which rearranged their assets so that the basic information of the rearranged enterprises of 1999 has been mastered. At the same time, a quantitative analysis is also made on the tendency of how to standardize the industrial structure adjustment of our country through econometric model and input-output model. At last, based on the research above, it is proved that assets rearrange can meet the demand of the macro tendency of optimizing the industrial structure of our country as a whole according to the authoritative method of classifying the industries and through the case study of the 63 listed companies of Shenzhen Securities Exchange in 1999 as samples which made substantial reshuffles. Furthermore, econometric model are established according to the 5 models of industrial adjustment for 54 listed companies singled out as samples of industrial adjustment. The conclusion drawn from my study embodies that only the model as constringency in original industry can improve the achievements of enterprises evidently and hence that the effects of the industrially adjusting rearrange of the securities market of our country are relatively limited at a micro level.