所在案例库：中国专业学位教学案例中心
案例链接：https://case.cdgdc.edu.cn/case/readCaseSummary.do?caseId=ff80808148ff6b7801490f3ebad00119
案例作者：邓路
作者单位：北京航空航天大学
中文摘要：2007年，中船集团通过对旗下上市公司中国船舶实施定向增发资产注入，整合优化了集团内部核心资源，使中国船舶转变为修船、造船、核心配套的产业链完整的上市公司，实现了中船集团核心民品主业的整体上市。股权分置改革完成后，控股股东与上市公司的利益趋于一致。集团公司通过内部资本市场整合资源，对控股上市公司实施资产注入成为企业集团资本运作的重要方式。在全流通时代，国内学者对于内部资本市场功能的研究缺少新鲜的案例素材，因此，本案例在素材选择、问题设定方面都侧重于引导学员深入理解公司内部资本市场功能的相关问题，特别是优化资源配置。
英文摘要：In 2007, China State Shipbuilding Corporation optimized and integrated internal core resources through implement private Equity placement of China CSSC Holdings Limited. Civil products of CSSC completed list in integrity after this changing, China CSSC Holdings Limited became a listed company with complete industrial chain on ship repair, shipbuilding and core support. After China shareholder structure of listed company reform completed, the interest of controlling shareholder and listed company are converging. Asset injection becoming one of important capital operation method through listed company’s controlling shareholder achieving integrity of internal capital market. In full-circulation age, domestic scholars lacking of fresh case material on the research of internal capital market, therefore, this case focus on internal capital market and relevant problems, lead students understand in depth of resource optimization.
中文关键词：定向增发、整体上市、内部资本市场
案例入库时间：2014-11
