The Realizing Means Of Corporate Value Enhancement In A Full Floating Market

Through the observation of the capital markets in foreign advanced countries, we find that the creating and maximizing shareholder value is the core ideology and core purpose for listed companies.With the reform of non-tradable shares, the Chinese listed companies will become full floating in the near future. which have significant impact on the behavior models of the shareholder and managers, the regulatory system and capital market.Part one: the denotation and connotation of corporate value, this part retrospect the classical theory of corporate value and introduce the Tobin Q as the key indicator.Part Two: Historical overview on the Chinese capital markets.Part three: the Shanghai International Port Group introduction, this part provide the background information including the industry situation, its financial statements and competitive strategy. Part four: Case Study, this part analyze the factors which have effect on corporate value, and discuss the selection and optimization of the corporate value.This paper believes that creating and maximizing shareholder value will become the core ideology and core purpose for Chinese listed companies, which has realistic meanings for the full floating Chinese capital market.