Analysis Of State-owned Shares Tradable Reduction Program

Our Country's Stocket Exchange market has been developing for ten years, which makes great achievements and exists many problems. One of the problem is how to circulate and reduce the state-owned shares in the stocket market. It is being widely discussed nowadays. Up to now, the state has not put forward an effective program. The problem centers around fixing the price of state-owned shares and the patterns of circulation and reduction. What is to be done to increase or preserve the value of state-owned assets without causing very much shock and pressure to the stocket exchange market? Since the state-owned shares are huge in quantity, a hasty marketability will bring about great pressure to the stocket exchange market and gravely affect the prosperity and stability of the stoeket exchange market. Therefore, it's hard to make substantive progress in reduction of state-owned shares. Thus, it is quite necessary and has a high academic and theoretic value and significance to make a thorough study and probe into the relevant policy. This thesis, which starts with existing problems to the significance of solving the problems, through combining theory with practice, makes a thorough analysis of various programs and then comes to a conclusion. The whole contents of this thesis are as follows: The first part is a brief introduction of listed companies at the security market of China and state-owned shares. Through analyzing the pros and cons of circulation and reduction of state-owned shares, we can see the necessity and significance of solving the problem of circulation and reduction of state-owned shares. Next, through carefully analyzing the characteristics of several major programs in terms of circulating and reducing state-owned shares, and the effect of relative programs on small listed companies and on the secondary stock market, Il make aanalysis and study by combining theory with practice.The last part is a conclusion: the listed comPanies should imProve their ownPefformance, according to their own actual sihaion, they should abide by marketrules and regulations and follow the Stat's laws and POlicies, formulate a comPlete,systemic and aPproPriate gUarane oPerational mechanism, and then adoPt variousprojections to resolve the problem of circulating and reducing State-owned shares.