Tactic study of gradual sell - off of state - held shares 国有股渐进减持的策略研究
Keep the state - held shares 保持国有股
Keep the state - held shares 保持国有股
The new way is the tactic of state - held shares rationing though floating pricing 该方案让减持价格随市场价格的变化而浮动,让市场来确定减持价格。
The problem of state - held share of stock companies became the core problem , which is harassing the healthy development of our securities market 上市公司国有股问题就是困扰着我国证券市场的健康发展的一个核心问题。
The article focuses on how to realize the circulation of state - held shares and trying to work out a price formula for the government to decrease the state - held shares 这要求尽量少的制造新矛盾,要在创业板、股指期货上谨慎从事,要按照市场经济规律的要求建立起有效债券市踢。
The reformation of state - owned enterprises is a complicated and step - by - step process , the main reformation form a state - held share , employee - held share and sold to others 国有中小企业改革是一个复杂的渐进的过程,国有参(控)股制、职工内部持股制、对企业外出售是最为主要的几种改制形式。
The government should treat all the stakeholders equally . - properly solving the problem on the circulation of the state - held shares . the nut to be cracked lies in how to confirm the price of state - held shares 笔者认为国有股减持的根本问题是明确其的流通价格和流通方式,而减持价格要以国有股股东首次认股时的成本为基础。
The thesis reaches a conclusion that the failure of the past plan about sell - off of state - owned shares is just because the state made a big mistake in " sell off principia . the state still has the same ideas or thoughts with the planning economy . they forgot a basic fact that the planning economy is changing to the market economy , so the solution of state - held shares must be carrying out under the new system of market economy 过去的国有股减持方案之所以失败,本文认为是由于在减持原则上犯了错误,在国有股减持方案的制定上或多或少沿续了过去计划经济体制下的思想和做法,没有注意到国有股问题是我国经济体制转型过程中的特殊产物,国有股问题的解决必须在市场经济新体制下的中国证券市场中加以完成。
Considering the steady development of securities market and the equity in the process of social resources reallocation , the thesis , starting from market mechanism , puts forward the tactic of state - held shares rationing though floating pricing . on the other hand , this thesis explores the operation practicability of state - held shares circulation , if corporate controlling power is allowed to give up 基于考虑证券市场稳定发展及社会资源再分配过程中的公平性,从市场利益机制出发,本文提出了国有股浮动定价渐进配售策略,对国有股减持和流通的基本原则、减持思路和具体操作程序进行了深入探讨,并对可放弃控股权的国有股流通的应注意的事项提出了相应的建议。