中国股权分置改革对价方案研究.pdf

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Abstract The detachment of stock equity is the institutional limitation which blocks the natural development of securities market. The detachment of stock equity is an especial institutional limitation in China, and there is no detachment of stock equity in other countries. The detachment of stock equity has exerted an active influence at the beginning of China’s securities market, but now its own institutional limitation appears gradually and becomes more and more severe in China’s securities market, and the detachment of stock equity has become a bottleneck to the development of China’s securities market, so it is very important to resolve the problem of the detachment of stock equity successfully. Any reform has its own special difficulty, so does the reform of the detachment of stock equity. The reform of the detachment of stock equity has two phases, the first phase is acquiring the

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