In the future, Shelf Registration, Secondary Combined Offerings, etc. can be introduced into investment banking as well as to IPO, which will surely make SPO more market-oriented.

• 本文还提供了运用增发新股方式的新思路，提出今后投资银行业务发展中可能会调整的新政策，对我国投资银行业务的创新有启发意义。