State-owned Shares Prices

Lessening the ratio of state-owned shares is the main content of continuing regulating the stock market of china, and the reasonable pricing of the shares not only is the core and the difficulty of lessening the stated-owned shares, but also is as the focus of the attention of all parts of stock market. This paper first demonstrates the necessity and difficulty of lessening of stated-owned shares, points out that the lessening of state-owned shares is in its urgent time, and the pricing of the state-owned shares is the most difficult to solve. Value is the foundation of the price. The second part of the paper analyzes the model of calculating the share value, the form mechanism of the shock price and the factor affecting the share price. In short time, the share price would not fluctuate severely. So the decisive factors of the price are the demand and the supply (considered from the capital level). Because the inner value of the stated-owned shares is fixed, the third part of the paper analyzes the demand and supply of stock market in the near future years. Based on the first part, the second part and the third part, the fourth part of the paper makes the comment on the two trial methods of lessening state-owned shares, then presents the factors that should be considered when deciding the price of stated-owned shares, as well as the pricing model that can be took as reference.