国有股减持方式比较分析

Comparative Analysis of Methods to Decrease and Maintain State-owned Shares

上市公司的情况千差万别 ,应根据行业特征和不同的股本结构 ,不同的资产质量 ,不同的财务状况分别采取不同的国有股减持方式。主要有 :配售、存量发行、拍卖、协议转让、控股、回购、可转换债券、股权转债权、职工持股减持国有股、普通股变化优先股、票息回构转质等国有股减持方式。

Owing to features of various industries, and the differences in structure of capital stock, quality of assets, and financial conditions, listed companies vary from one to another, should adopt specific methods to reduce and maintain state owned shares respectively, including rationing issue, stock issue, auction sale, negotiated transference, buy back, holding stock, altering right of share to that of claim, holding stock or decreasing and maintaining state owned stock by employee, converting general stock into preferred share, etc.