Perfection Of Shareholding Structure Of Listed Companies In China

The core of modern enterprise system is to build up a set of reasonable governing mechanism, which confines the managers' rights and coordinates related interests. The shareholding structure is an important branch of corporate governance, which already has a long researching history. However, the researching time on the shareholding structure in our country is still very short, which focuses mainly on the shareholding structure of domestic listed companies as well as its relationship with company governing. The main point of this dissertation is to make the shareholding structure of domestic listed companies better.The first chapter probes into the moderation of the shareholding structure, which firstly introduces the basic theories of the shareholding structure, then analyzes the moderation of the shareholding structure. The innovation of this dissertation is to build a measurement for the moderation of the shareholding structure which is based on the existing evaluation of the company governing.The second chapter analyzes the situation of the shareholding structure of domestic listed companies, which firstly traces back to the history of the shareholding structure of domestic listed companies, concluded with the formation of the shareholding structure of domestic listed companies has its certainty.The third chapter points out the problems originated from the shareholding structure of domestic listed companies. On one hand, exists the problem of corporate governance, on the other hand, exists the problem of the bottleneck of the stock market development.This dissertation finally discusses the strategies to perfect the shareholding structure of domestic listed companies. From the perspective of shareholding balance, we need to reduce the state-own share and enhance the juridical person share. From the perspective of company governing, we need to build a system of manager stock option and a voting mechanism between major shareholders and minor shareholders. The finally aim is to perfect the shareholding structure of domestic listed companies.