上市公司交叉持股对证券市场的影响分析

交叉持股会对上市公司的业绩产生影响，并放大证券市场的波动性，但这种影响的程度主要取决于一国的会计准则。当前，中国证券市场的交叉持股现象并不严重。而且我国大部分公司交叉持股的动机都是为了赚取投资收益，而非为了战略投资或防止收购，因此不会造成证券市场的供应不足及流动性不足。

Effect of Cross-holding of Shares by Listed Companies on Stock Market

Cross-holding of shares will affect the performance of listed companies and expand the fluidity of stock market. But the extent of influence depends on a country's accounting standard. Currently, the cross-holding of shares by China's listed companies is not so serious. What is more, the purpose of most listed companies in cross-holding shares is to make profits instead of make strategic investment or prevent being acquired. Therefore, the cross-holding will not result in inadequate supply and fluidity on the stock market.