由于目前产权市场大量的交易表现为实物型交易,从而严重妨碍了产权市场应有功能的发挥。因此,进行交易方式创新,逐渐以价值型交易取代实物型交易,成为产权市场健康发展的关键。一、产权市场现有交易方式的功能缺陷由于股份制改造以及产权市场发育水平等方面的制约,迄今,我国产权市场上大量的交易表现为实物型交易。所谓实物型交易,是指以具体的、非证券化的实物形态存在的企业产权的买卖,它有以下特征：从交易对象来看,实物型企业产权在物质形态上难以分割,因而绝大部分产权出让方都是将企业 Since a large number of transactions in the property market now represent physical transactions, this has seriously hindered the development of the proper functions of the property market. Therefore, the innovation of trading methods and the gradual replacement of physical transactions by value-based transactions have become the key to the healthy development of property rights markets. First, the functional defects of the existing trading methods in the property market As a result of the restrictions on the shareholding system reform and the development of the property market, so far, a large number of transactions on the property market in our country have been characterized as physical transactions. The so-called physical transaction refers to the sale and purchase of enterprise property rights in a specific, non-securitized physical form. It has the following characteristics: From the perspective of the transaction object, the property type of the real-type enterprise is difficult to divide in terms of material form and thus the vast majority Equity transferor will be the business