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2001年6月12日,对证券市场每一个投资者而言,是一个难忘的日子。当天,《减持国有股筹集社会保障基金管理暂行办法》破茧而出,随后,深、沪股市应声而落,从那时起,中国股市步入了自设立以来历时最长的漫漫熊途;也正是在那时起,股权分置间题开始引起了市场各方,尤其是监管层的高度重视。然而,尽管有着不断地探索、不断地努力,5年来,这一问题就如同一块永远不化的坚冰,时时刻刻悬在投资者的头上,股权分置给股市带来的,除了利益不均,更多的是诚惶诚恐,信心缺失。
June 12, 2001, for every investor in the securities market, is an unforgettable day. On the very day, the “Interim Measures for the Administration of Reducing State-owned Stocks to Raise Social Security Funds” broke out. Subsequently, the stock markets in Shenzhen and Shanghai came to a halt. Since then, the Chinese stock market has entered the longest long-time bear road since its founding. It is also from that time on that the issue of share-trading began to attract the attention of all parties in the market, especially the regulators. However, despite continuous exploration and continuous efforts, this problem has been like an ever-present unsustainable ice stuck in the head of investors for five years. The split share structure has brought to the stock market, except the interests Uneven, more fear and trepidation, lack of confidence.