Research On Optimization Of The Market Value Management Of Vanke

The market value management as a special product under the weak effectiveness of capital market in China,for the first time since 2005 after the reform of non-tradable shares were put forward by Mr ShiGuangYao,and only more than 10 years of development.But its essence as the same as the value of the foreign management,which is to promote the intrinsic value of listed companies to conduct a series of management methods and the capital markets.The paper,Vanke as a case,through literature review and model analysis to understand the core content of market value management.Firstly the paper listed the market value management related literature at home and abroad,which is in order to explain its content.Secondly,this paper discusses the market value management of related theory and the value of articles used in the subsequent management evaluation model.Both of them are used to design the value evaluation model for Vanke.Again,starting from the three dimensions of models involved,first market value management problems that exist in the qualitative analysis of Vanke,followed by quantitative economic added value and market value management score the performance evaluation model(select the annual report from 2007 to 2016),the overall evaluation case company's market capitalization management status,to demonstrate the effectiveness of the above qualitative analysis.Finally,the author put forward some suggestions on the problems of the case company from the aspects of profitability?equity incentive? capital operation etc.In general,the intrinsic value of Vanke has not been timely reflected in the capital market,and its market value management has been insufficient.Since its launch in 1991,Vanke has increased its share capital by almost three times through the increase of its equity accumulation fund,and the combined growth rate of operating income has reached 21.83.But compared with market value,found a dramatic increase in operating income and net income under the background of the market value is not increased significantly.The treasure can sign after Vanke,its stock price will rise sharply,and above 280 billion,this is a reasonable return of Vanke's market value based on performance.So Vanke in order to the barbarians knocking at the door and keeping the industry leading position,should be to boost profitability at the same time,also need to further improve the market management level and enhance the ability to resist risk.