With Regard To The Split Share Structure Reform In The Thinking Of The Price Problem

The paper sets the consideration arrangement in shareholder structure reform as main line, and analyzes consideration problem deeply by concentrating on 4 core questions——shareholder structure reform, consideration boundary, consideration standard and consideration schemes.Chapter one: China's securities market and shareholder structure reform. On the basis of analyzing the characteristic of"A stock"market——shareholder structure reform, the paper suggests the necessity of shareholder structure reform. The main points are as follows: (1) About the shareholder structure. (2) The disadvantages of shareholder structure problem. From facts, we could see shareholder structure problems have bad influence on China's securities market in eight aspects, which have seriously damaged matching mechanism between risks and profits in China's capital market, causing inequality between negotiable shareholders and nonnegotiable shareholders. (3) The history of solving shareholder structure problem in China's securities market.Chapter two: consideration boundary. Starting from the definition of consideration, the paper states the theoretical and legal basis of consideration, and makes comparison between consideration and compensation. The content contains: (1) consideration is an important concept in the British and American law of contract; (2) when nonnegotiable share turns to be negotiable, the price of negotiable share will decrease. Therefore, if this action occurs, nonnegotiable shareholders should make promise to protect negotiable shareholders'benefits; (3) shareholder structure premium is the basic theoretical basis of consideration payment; (4) consideration is a reasonable compensation which contract beneficiary gives to sufferer, according to the fair principle of the civil law.