论文部分内容阅读
国有股减持既是我国股份经济发展的内在要求,也是实现证券市场规范化运作的紧迫需要。国有股减持方案的设计,考虑了减持的数量、时间、市场承受力、国有资产的保障、二级市场投资者的预期,国家产业结构调整的方向、变现资金运作等多方面因素;在实施减持方案时,应力争以最小化的代价,最公平的办法、最合适的路径和时限取得最大化的效益。
The reduction of state-owned shares is not only an inherent requirement of the development of the stock economy in our country, but also an urgent need to realize the standardized operation of the securities market. The design of the state-owned shares reduction plan has taken into account many factors such as the amount of reduction, time, market affordability, the protection of state-owned assets, the expectations of investors in the secondary market, the direction of the national industrial restructuring and the operation of liquidity realization. In the case of a reduction plan, efforts should be made to maximize the benefits of minimization, the most fair solution, the most appropriate path and time frame.