Non par value stock is not allowed in China as there must be a specified par value.

在中国，无票面金额股票是不允许的，必须有一个确定的票面金额。

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These differences are called premium and discount, respectively, for par value stock. However, shares are rarely issued at a discount.

对有面值的股票来说，这些差额分别称为溢价和折价，但股份很少折价发行。

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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。

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For every ten shares of stock issued, the split will combine them into one share without any change in par value.

FORBES: Citigroup Reinstates Dividend, Reduces Share Count With Reverse Stock Split