我国股票市场的根本问题是上市公司的“股权二元结构”,而不是上市公司的“股权分置”在长达四年的时间内,股市的滑坡伴随着人们一路的争论,从上市公司的财务造假、法人治理结构问题,到最近一年多的股权分置论,其中“股权分置论”是一种影响最广的观点。但是,笔者对此持有不同 The fundamental problem of China’s stock market is the “duality structure of shareholding” of listed companies, rather than the “shareholding structure” of listed companies. During the four-year period, the stock market’s decline accompanied by people’s arguments all the way from the listed company’s Financial fraud, the structure of corporate governance structure, to the split share structure of the past year or so, of which “split share structure” is one of the most influential point of view. However, I hold a different view