Split Share Reform Program Of Study

Non-tradable share ,a unique Chinese stock-market designing mode which is different from developed countries' market , has its special function purpose to serve for state-enterprises reform. Just because of this function , this rule cannot long exist as a customary regulation. For the designers did not think of many factors and faults which can cause the non-tradable shares system . Today, the non-tradable share injures our capital market. Under the backdrop, the reform is necessary and important.The article analyses all schemes of the reform on stockholders' rights and interests. During the reform, the schemes actually embody between two sides stockholders' wrestle. The schemes surely impact two sides stockholders' behalf.Because the reform is short of legal rules, therefore, we should integrate policy and legal rules. Through the measures, we can protect stockholders' rights, especially current stock' s holders. In a word, our stock-market exists and develops continually and healthily.