A Case Study On The Motive And Effect Of Vanke Stock Repurchase

China's stock market in the first half of 2015,while the bull market roared in triumph,because the state of the forced deleveraging,the index exceeded 5000 points,down turn blew out.Instant paper wealth has shrunk,thousand shares limit frequent.The first time in 20 years the China Securities.In mid-July,the national team uses a lot of money to buy shares,the stock holding stability.SFC end of August,the Ministry of Finance,the SASAC and the China Banking Regulatory Commission four ministries jointly issued "on encouraging company mergers and acquisitions,cash dividends and repurchase of shares listed on the notice." Stock repurchase marked with a distinctive mark in 2015.Central ministries and encourage mergers and acquisitions encourage cash dividends,and the ability of enterprises to repurchase a lot less than the intrinsic value of the stock.China entered the era of a real capital.This paper summarizes the domestic and foreign scholars in such a background stock repurchase Motivation and Effect of the A-share listed company China Vanke A Case Study of a more comprehensive analysis of its stock repurchase Cause and Effect.Among them,the stock repurchase from the current level of macroeconomic factors,may have a role in stabilizing the stock market.This historic opportunity and perspective is unique.From a new perspective,multi-dimensional,high-level analysis of listed companies Vanke shares repurchased Motivation and effects.Combined with the company's actual Vanke,a multidimensional view of the resort,said Vanke repurchase case to a comprehensive analysis of the signaling hypothesis,wealth transfer hypothesis,management incentives in the form of a variety of hypotheses hypotheses such as a comprehensive use,and combined with domestic and foreign some practical cases to conduct a comprehensive analysis and study after study found that China Vanke a shares in the repo market is among the more obvious effects of market capitalization effect and margin effects,etc.These effects fully meet the needs of Vanke in terms of share buybacks,Vanke's stock repurchase behavior and to help provide a strong guarantee.