由于近年来权证市场的交易量巨大,对权证的研究逐渐成为证券市场的热点之一。通过对权证市场投资总体收益的研究表明,权证市场缺乏投资价值,权证二级市场上投资者遭受了严重的亏损,而其最主要的原因就在于券商不合理的巨量权证创设。 Due to the huge volume of warrants market in recent years, the study of warrants has gradually become one of the hot spots in the securities market. Through the study of the overall return on the investment in the warrants market, it shows that the warrants market lacks the value of investment and the investors in the secondary market of the warrants suffered a serious loss. The most important reason for this is that the brokerage has created an enormous amount of warrants that are unreasonable.