This paper inducts the market timing theory, base on the actual status of China's stock market to study the seasoned equity offering of China's listed companies. 基于此本文從中國證券市場(chǎng)的實(shí)際發(fā)展狀況出發(fā),引入融資的市場(chǎng)時(shí)機選擇理論對中國上市公司的股權再融資問(wèn)題進(jìn)行研究。