关于国有股减持与流通若干问题的探讨

A Study on the Circulation in the Market of China State-Owned Shares

我国国有股的形成和暂时不能流通是历史的产物。随着中国证券市场的发展 ,国有股减持和上市流通问题亟待解决。目前国有股减持有二种途径可供参考 :一是让国有投资公司承接减持的国有股 ;二是可效仿香港盈富基金 ,设立“国有股减持基金”。

This study analyzes the market impact of the state-owned shares.It shows that the growth rate of the non-state sector is higher than that of state sector,the most important issue of the transition is to sell the state-owned shares in the listed companies.It also gives some discussion on the alternative principles and the methods for the state owners to withdraw from the market.