国有股、法人股(已上市公司中未流通者)的缩股设想

An idea to shrink the stated-owned and corporate-owned stocks (those uncirculated of listed corporations)

本文通过世界全流通证券市场IPO定价原理 ,对我国非流通股的成本进行重新确定 ,进而缩减其数量 ,调整非流通股与流通股的相对比例 ,在接受IPO合理溢价的基础上解决非流通股问题。

Probing into the IPO pricing theory of those all-circulated stock markets,the essay tries to reconstruct the cost of the uncirculated stocks,furtherly, to shrink its quantity and regulate the relative propotion between the circulated and uncirculated stocks. It's a new theory to settle this most difficult issue on the basis of accepting resonable overpricing in IPO pricing.