no-par-value stock

By analyzing the system of the company capital raising fund as well as its lawmaking,companies can issue publicly its stocks by means of "no par value stock".

从解决企业筹资困境的制度与立法分析中可获知,公开发行公司可采用“无面额股”或“低面额股”的方式来发行股票;资本维持原则只能在某种程度上保障债权人的权利。