The Study Of Shares Of Listed Companies "the Entire Circulation" And After That The Management Of Stat-owned Shares

"The Entire Circulation" touches the most sensitive nerve of the securities market factors. In view of the success experience of the overseas non- circulation stock went on the market, as well as the reform experiment of the state-owned stock to reduce hold which has been carried on our country stock market three scales but has not greatly obtained the test result, we obtained some beneficial enlightenment. On April 29, 2005, our government declared a sub-owned shares reform experiment, which started a new round of " the Entire Circulation " reform exercise. " the Entire Circulation " will be resolved in one fell swoop on China's securities market functioning, improve corporate governance structure, property transactions and corporate restructuring, the state-owned assets management system and many other chronic illness afflicting the stock market for years. At the same time, non-state-owned shares and state-owned shares while in the secondary market trading, which we are facing a new problem, that is, in the new context, how to achieve the state-owned assets to the business, how to achieve the value of state assets value, this investment in a state capital gains evaluation criteria formula, the formula used to judge state-owned capital can be an effective protection, and " the Entire Circulation " judge cases of state-owned assets in the market should choose to maintain the shares, the reduction, withdrawal or increased to the value of state-owned assets with a value of the evaluation criteria for reference.