The Non-tradable shares structure is the biggest barrier to restrict the stock market to be stable and healthy development. Solving this barrier depends on each benefit correlations' participation, also needs the government to set strategy guidelines in the reforming. Many listed companies started the reforming experiment from May, 2005 and had completed the reforming. The reforming has completed more than half in company's quantity and also in the market values. The benefit correlations compete with each other in the reforming and struggle in their own benefit. The non-tradable stock in order to realize the free circulation and enjoy the liquidity premium has to pay consideration to the circulation stock shareholders and also it is the result of gambling. This paper is to offer a kind of reference for related parties through empirical research on factors influencing consideration. |