国有股的减持是目前市场各方关心的重大问题,它关系到国有经济的战略转移、国有资产的保值增值、证券市场的稳定和发展,也涉及到投资者的切身利益。目前许多专家、学者和市场人士提出了许多很好的方案,如直接向社会公众配售、回购或增发——回购、设立国有股减持基金、股转债、折股上市、将国有股减持与经理股票期权相结合、发行可换股债券、国债的“债转股”和国债的“债转股基金”、零 The reduction of state-owned shares is a major concern of all parties involved in the market. It relates to the strategic transfer of the state-owned economy, the preservation and appreciation of state-owned assets, the stability and development of the securities market, and the vital interests of investors. At present, many experts, scholars and market participants have put forward many good proposals, such as directly placing, repurchasing or repurchasing to the public, repurchase of state-owned shares, establishment of a state-owned stock reduction fund, conversion of shares and convertible bonds, reduction of state-owned shares In combination with the manager’s stock options, the issuance of convertible bonds, treasury bonds, “debt to equity” and treasury bonds “debt to equity funds”, zero