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Thinking on Mechanism Design of Anti-Takeover of A-Share Listed Companies in China
Market economy originates from commodity trading, and develops from barter at the very beginning into commodity exchange with money as a medium. When equity of enterprises is traded as a special kind of commodity and a special dealing subject, it ushered market economy into a brand-new stage, which marks the formal emergence of assets and equity exchange market.
Equity transactions exceeding a certain percentage give rise to merger and acquisition (
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