国有股协议转让的市场定价机制探索

An Exploration of the Market Pricing Mechanism for the Transfer of State-owned Shares by Agreement

目前实施的国有股协议转让价格形成机制违背了“市场定价”原则。合理的定价机制可以参考两种定价方法 :1 累计投标加权区间法 ;2 投标式竞价拍卖方法。

The price formation mechanism currently in operation for the transfer of state-owned shares by agreement is in violation of the principle of “pricing by market”. A rational pricing mechanism can be based on two pricing methods: 1. cumulative weighed bidding section; 2. bidding auctioning.