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Abstract
Fromthe ofthedifferenceofshare articletriesto
viewpoint liquidity,this
reveal in
the ofshare theChina stresseson
stock
segmentation market,and
liquidity
the share
of
systemarrangement system,investor
analyzing liquidity,rent·seeking
behavior ofdifferent andthe structureof
model,the
origin system duality
pricing
USsome forthecurrent
market also solutions
management.Itbrings possible
situation,
findthat
of can
thebirthandevolutiontheChinastock
Byanalyzing market,we
the a characteristicof
market clear growth.The
appears governmentpromotion
the share
sharestructureisthe of of
separate origin segmentationliquidity,trading
and intheChinastockmarket。Asagovernment’Ssystem
system
management
the
ofshare the control
liquidityhelpsgovernment
arrangement,thesegmentation
the
the carlnot retaincontrolon
stoc
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