The Research On The Method And Non-floating Shares Price Of Spilt-share Reform

The spilt-share is the special historical question of China stock market. It evolves the special development and has its profound historical root. With China's the reform and open policy developing, the share-trading becomes a system flaw to China stock market. In this condition the government starts a reform aimed to heal the chronic illness completely after a series of practices.This article divides six chapter to research the financial problem of spilt-share reform The First chapter elaborated the origin of the problem, the research present situation and this article research mentality. In second part of the main body of a book, the author has expounded about that spilt-share reform the relevance rationale reforming mark, and has been on the march right away to the direction reforming studying The Third part of this paper provides an evolution of the theory in the origin and the development of the stock market in china by the sequence of time, and all these come to a conclusion that the last reform is origin from the former one named as"Reduction of state-owned stocks"and takes the"completely transferable"as a preparation of theory. With the accumulated of theories and practices, even the good occasion, provide by these two steps mentioned above, the reform of shares separation has a good start so far so good. The same time focus on the consideration issue in the reform witch is attracted lot people's attention. Consideration was the core ingredient of the equity structure reform. In this paper, the theoretical basis of the consideration was discussed, basic calculation principles of the consideration and the ways of consideration payment. Besides that, this paper also focus on these important factors that have impact on the consideration payment. The Fourth chapters are the main body of a paper priority , the extant main current this part has been discussed reforms method, and the person company type suitable for use. The fifth parts haven discussed the method of reforming and, on the basis summing up others research result, the author proposed a stock price appraisal model based on the risk non- circulation. given the countermeasures. The sixth chapters have looked into the future at stock right being allotted the change purchasing the capital market reforming queen our country.As the time of completely transferable closing to us, we may feel very happy for this. But we also will see that the finance and accounting in listed companies should have a much more responsibility. And the good job of them should be the bright future of capital market in china indeed.