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权证是一种赋予持有者按照一定价格、在一定期限内买入或卖出一定数量标的证券或其衍生产品的权利的凭证。权证的价值包括内在价值和时间价值。影响权证价值最重要的因素就是标的证券价格的波动性、收益和权证期限。利用权证解决股权分置有助于减轻扩容压力、改善流通股东的面临的风险和收益。备兑欧式权证是比较理想选择。
A warrant is a document that gives the holder the right to buy or sell a given quantity of underlying securities or derivatives thereof over a fixed period of time at a fixed price. The value of warrants include intrinsic value and time value. The most important factor affecting the value of warrants is the price volatility of the underlying securities, the proceeds and the warrant period. The use of warrants to solve the split share structure will help reduce the pressure on expansion and improve the circulation of shareholders facing the risks and benefits. Warrants against European warrants is the ideal choice.