The Research On The Consideration Strategy Of Stock Equity Detachment Reform In China

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 right of circulation, and the second phase is all circulation. However, a big difficulty in the reform of the detachment of stock equity is how to make a proper Consideration in the first phase, what principle and standard we should take into account, which factor we should go on is impartial and logical when we make Consideration. The deduction and application of Equilibrium Consideration Formula in the thesis answers the question.Except for exordium, there are four parts in this thesis. The first part is about the origin of the detachment of stock equity and the reform of the detachment of stock equity. The second part is about the deduction of Equilibrium Consideration Formula according to Arbitrage Equilibrium Theory. The third part is about the analysis of the first and the second batches companies in the detachment of stock equity reform according to Equilibrium Consideration Formula. The last part makes a detailed conclusion and gives some exercisable suggestions.