Research And Thinking About Issue Of Stock Right Putting Divided

In nearly four years since June of 2001, stock market has been continuously depressing all the time in people's increasingly concerns and heated discussions about the issue of stock right putting divided which were caused by the reduction of state-owned stocks. Although people has already reach common understanding on the enormous danger brought about by issue of stock right putting divided ,and realized deeply it is the chaos of the expectancy which is caused by the suspense of issue of stock right putting divided all the time that the most fundamental reason which resulted in the longest bear market since Chinese stock market's opening; and there are countless social elites who have taxed their ingenuity in order to promote the settlement of the problem as soon as possible, they also have offered thousands of train of thought of settlement and solution, but failed to be accepted by the market . Although the failure is depressing, the importance and urgency of solving this problem still make it become great social subject that people pay close attention to and study continuously.In the thesis the author has explained his research and thinking about the issue of stock right putting divided in detail, and put forward his own systematized train of thought and solution on the basis of drawing lessons from others' trains of thought and research achievements. In the solution ,the author proposes the viewpoint innovatively that avoiding of interests confronting each other is the fundamental approach of solving the problem of stock right putting divided ,and emphatically carries through the ingenious designing of mechanism and correlative regulation which is used to avoid confronting each other of interests between shareholders of non-circulation stock and circulation stock. Under the restraint of mechanism and regulation which is mentioned above ,the two kind of stockholders who are on the basis of their basic demands of interest have been met and under imperfect but relatively fair and symmetrical information state should be forced to accomplish the rational allocation of interests that should be shared together by ways of competition in cooperation. Owing to the equilibrium of the mechanism of interest allocation, the effects of the two kind of shareholders' tactic option on their individual interests are always...