浅议我国上市公司股权结构问题

The Existing Problerns in Equity Structure of Chinese Listed Companies

上市公司的股权结构是公司治理的基础,合理的股权结构有利于形成完善的公司治理结构,反之不利于公司治理结构的完善。我国上市公司的股权结构属于高度集中型,这种股权结构成为我国上市公司诸多问题的根源。根据国有股的战略定位关系到国计民生和垄断性行业,国有股的持股比例应相对控股在33%以上;对于一般性行业,国有股可以参股而非控股,甚至可以逐步退出。

Equity struettwe of listed companies is the foundation of corporation govenence. Reasonable equity structure calls for efficient corporate govenennce, Since the equity structures of Chinese listed companies is highly concentrated, it has caused serious damage to their operation . This paper suggests that according to the strategit position of state - owned stockshares, the proportion of it in the industries related to national economy safety and of monopoly should be cut dawn into relative controller （33%） or so, others should be lower, even to zero level.