On The Reduction Of State - Owned Stocks And Flows

At present, the question that the stock is cut apart different kinds has made the stock market of our country low for a long period of time, and it has hindered the further development of the stock market. This article begins with how the stock market came into being and developed, and then gives the definition and classification to the state shares. What's more, it explains the aim and impact of reducing state shares in 2001. Before discussing our country's reducing state shares, we look back to the curse and methods of reducing state shares of western advanced countries, and then we have gotten a lot of experiences from these. On the basis of these, the article explains the three reasons of reducing state shares which are the function of government under economy of market and the quality of the enterprises and the negative effects that the government operates the enterprises. According to the concrete circumstances of our country, we put forward three principles to the reducing state shares: At first, we should avoid running off the assets of the nation. The second, we should avoid impacting on the interest of the circulated shares holders. Finally, we should reduce state shares and improve the stimulating system of the state company in the same time. And according to these principles, I lay out the method which reissues the state shares. So-called reissuing the state shares is that at first, we should keep from the state shares increasing. And the new issue shares will circulate entirely from a certain time. To the 1300 state shares which have been on market, we can choose some ones of good companies to be on market which prices are up to the market. It is not reprint of before way, it entirely carries out the three principles, and makes the strict regulation on application methods and opportunity. And we should prepare accomplishing this work for 20-30's year.