国有股减持新思路

在我国证券市场上,国家股、国有法人股占上市公司总股本比重约2/3.这种股权结构不利于上市公司建立规范的公司治理结构,国有股需要进行减持,但即使是存量调整,资本市场也无法承受.国有股减持新思路可以有效解决资本市场容量不足这一过去国有股方案所无法克服的障碍.同时,有利于规范上市公司的法人治理结构,从而使现代企业制度事半功倍.

New Thought on Reduction of State-owned Shares

In the security market of our country, the state-owned shares and the state-owned corporate shares occupy more than two thirds of shareholding equity and which are prohibited to circulate. The peculiar share-holding structure has become a serious factor that critically restricts the listed companies to establish the normal corporate governance. So the state-owned shares need to be reduced. The problem is that even the adjustment of existed assets will bring too much pressure to the capital market. The paper puts forward a new way of the mutually reducing holding of state-owned investors on the basis of analyzing ways how to reduce the state-owned stocks at present.