国有股准流通市场探索研究

A Study of Quasi-circulation Market of Stated-owned Stock

可通过在深沪股市开辟一个专门用于解决国有股与A股并轨的国有股准流通市场 ,以解决国有股流通问题 ,初始时规定与A股市场不同的交易制度 ,规定其以流通能力受限制、风险度高的交易制度 ,使其与A股市场的资金面与参与者都相对隔离 ,逐渐使两个市场的交易制度随时间的推移分阶段并轨 ,逐步缩小交易制度差异 。

For the state-owned stock circulation, a quasi-circulation market of stated-owned stock in Shenzhen and Shanghai stock markets can be opened up. At beginning, it is stipulated to carry out the transaction system different from A-share, the system of limited circulation ability and of risk degrees, to make the quasi-circulation market relatively isolate from the funds and the participants of A-stock market. Then make the two transaction systems of market merge stage by stage gradually. It is natural to merge at the price while narrowing the difference of transaction system.