2005年4月开始的股权分置改革目前已经进入尾声,大多数上市公司的“股改”已基本完成,后股改时代呼之欲出。然而,整体市场股改方案的完成并不意味着股权分置改革的全面胜利,只有以此为起点,进行一系列的配套改革,积极稳妥地解决信息披露的透明度和真实度这个深层次问题,股改才会取得实质性的成果。笔者认为,当前应重点关注上市公司选择性信息披露的不良倾向。 The split share structure reform started in April 2005 has now come to an end. Most listed companies have basically completed the share reform. However, the completion of the overall market share reform program does not mean the all-round victory of the split share structure reform. Only from this point of view, a series of complementary reforms can be conducted to actively and steadily resolve the deep-seated issue of transparency and truthfulness of information disclosure. Will achieve substantive results. The author believes that the current focus should be on listed companies selective information disclosure adverse tendencies.