本报讯 安阳钢铁(600569,股吧)昨日早盘冲击涨停板，截止到昨日收盘依然大涨6.36%。就在周二晚间，证监会相关负责人表态坚信股市广阔前景，并鼓励现金条件许可的上市公司回购自家股票。安阳钢铁最新财报显示公司账面持有货币资金总额有54亿，而公司目前总流通市值也就56亿，这也就是说公司确实有这个资金实力。

Report from our correspondent anyang iron and steel(600569,Shares it)Earlier in the impact harden board yesterday，Up to yesterday closing quotation still rose 6.36%。On Tuesday night，The relevant person in charge of CSRC statement believes that the stock market and broad prospects，And encourage cash conditions permit listed company of their stock buyback。Anyang steel latest earnings that book hold monetary amount of capital have 5.4 billion，And the company is current total current market prise. 5.6 billion，This also means that companies do have the financial strength。

　“雪中送炭”暖人心 “Timely help”Warm public

　　“监管层在市场比较低迷时鼓励上市公司回购自家股票，对市场信心还是有利的。”南京证券研究所副所长周旭向《大众证券报》认为，而且有实力、有意愿的公司一旦回购股票并注销，不仅会提高每股税后利润，对估值和稳定股价都有帮助。

“Regulatory market downturns in comparison to encourage the listed company stock buyback oneself，To market confidence or good。”Nanjing securities, deputy director of institute to ZhouXu《Public stock certificate report》think，And there is strength、The company is willing to buy back shares and once the cancellation，It will not only improve the after-tax profits per share，Valuations and stability of share price all help。

　　“更重要的是，上市公司回购向投资者传递出一种信心——即公司资金比较宽裕，而且重视对资本市场的投资者。这不但会提振投资者信心，更会鼓舞此时疲弱的整个市场，毕竟锦上添花诚可贵，雪中送炭更贴心。”周旭如是强调。

“More important is，The listed company to deliver the buyback investors a confidence-that the company funds were better off，And attention to the capital market investors。This not only can boost investor confidence，More would inspire at this time of the entire market weakness，After all, brocade sincere commendable，Urgently needed a more intimate。”ZhouXu so stressed。

　　大同证券(博客,微博)高级投资顾问刘云峰也认同回购的积极意义。不过他提到，目前监管层对鼓励上市公司回购还没有什么政策。“像2008年时，监管层为了鼓励增持，有一系列的鼓励政策，例如增持不需要提前出公告，一年之内累计增持不超过2%无需向证监会报备等。”

Datong securities(blog,Micro bo)Senior investment advisers LiuYunFeng also recognizes the buyback positive meaning。But he mentioned，At present regulatory listed companies to encourage the buyback is not what policy。“Like in 2008，Regulatory around in order to encourage，Have a series of incentives，Take for example not needed to advance the public announcement，Within a year of no more than 2% of total around without to report for securities。”

　　“实际上，回购现象在A股市场非常罕见。”周旭还表示，而在海外成熟市场，公司在其股价低迷时回购的现象很多，国内的境外上市公司也有过不少的回购行为，这与海外市场的整体比较成熟，公司比较重视在资本市场的可持续性有关。“目前A股市场更像一个圈钱市场，所以证监会此番表态显示监管层对市场的持续、健康发展有新的考虑。”

“In fact，The buyback phenomenon in the A share market is very rare。”ZhouXu also said，And in mature markets overseas，The company in the stock buyback phenomenon many downturns，Domestic companies listed on overseas stock also had many buybacks behavior，This and the overseas market overall more mature，The company more attention in the sustainability of the capital market。“At present the A share market is more like A circle money market，So the CSRC statement shows the transgressions of regulatory market continues、Health development new consideration。”

　　“因此，在目前市场低迷、信心不振，且大量公司出现破净的情况下，也应该有一些举措，让有实力且破净的公司更有回购的动力。这样更能让市场看到监管层提振市场信心和坚信股市广阔前景的决心。而且，一旦有鼓励政策出台，不管力度大小，对疲弱的市场都是强心剂。”刘云峰呼吁。

“so，In the present market downturn、Confidence of，And a large company appear the net，There should also be some measures，Have the strength and the net more have its power。This can let the market more see regulatory boost confidence and believe that the stock market prospect of determination。and，Once have encouraged policies，No matter size efforts，Weak market is to boost。”LiuYunFeng called for。

　28只破净股存回购潜力 28 the net only save the buyback of potential

　　目前来看，沪深两市中回购股票的公司并不多。刘云峰表示回购的案例主要集中在B股市场，因为股价相对更低，而且多是合资公司，也有经营上的考虑。

So far，Shenzhen city buy back shares in the two companies is not much。LiuYunFeng said its case mainly concentrated in B shares market，Because the share price is relatively more low，And many is the joint venture company，Also have the management consideration。

　　至于哪些公司更有可能回购，刘云峰分析，首先公司需要有足够的钱，而且股价破净的公司更有可能，“此外，对于社会流通股不低于总股本25%的公司来说，回购股票更为有利。”

As to what the company is more likely to buy，LiuYunFeng analysis，First the company needs to have enough money，Shares of the company and the net is more likely，“In addition，For society is not lower than 25% total equity shares for firms，Buy back shares more beneficial。”

　　德勤会计事务所某不愿具名的注册会计师向记者表示：“从证监会相关负责人的表述看只有在资金上有实力的公司才有可能出现这种行为，就怕有些公司是心有余而力不足。所以从财务表上可以看得出这些端倪，一般来说货币资金表示的现金加银行存款，用这个指标去与流通市值做比较可以粗略地衡量公司的回购实力。

Accounting firm deloitte a anonymous certified public accountants to reporters：“From CSRC statement of the relevant person in charge of see only the funds on the strength of the company have might just appear this kind of behavior，Is that some company is the spirit is willing, but the flesh is weak。So from a financial table can see that these grandeur，Generally speaking monetary fund says's cash and bank deposit，Use this index to compare with the current market prise can be loosely measure of the strength of the buyback。

　　具体来讲，中国交建(601800,股吧)、中国中冶(601618,股吧)、深康佳A、韶钢松山(000717,股吧)、中国铁建、中国中铁、粤高速A、宏图高科(600122,股吧)、四川长虹(600839,股吧)、华菱钢铁(000932,股吧)、马钢股份11只个股的货币资金总量均超过了流通总市值。

specifically，China built into(601800,Shares it)、China ZhongYe(601618,Shares it)、Deep konka A、Songshan shaogang(000717,Shares it)、The China railway construction、China railway、Guangdong high-speed A、High-tech ambitions(600122,Shares it)、Sichuan long rainbow(600839,Shares it)、HuaLing steel(000932,Shares it)、Shares of stocks at 11 only monetary funds are more than the total circulation of total market value。

　　记者 徐海峰陈刚

Reporter xu haifeng got Chen just just