股份制与亏损企业改革崔爱国，王晓锋自１９８４年我国第一家股份制企业──北京天桥百货有限公司成立以来，特别是邓小平南巡重要谈话发表以来，我国股份制改革呈现出迅猛势头。１９９２年全国发行股票３８９亿股（其中２００亿元内部股）筹资５６５７亿元；去年上半年股... Joint-stock and loss-making enterprise reforms Cui Aiguo and Wang Xiaofeng Since the establishment of Beijing Tianqiao Department Store Co., Ltd., the first joint-stock company in China in 1984, especially since the important talk of Deng Xiaoping’s southern tour, China's shareholding system reform has seen rapid development. In 1992, 38.9 billion shares were issued nationwide (of which 20 billion yuan were internal shares), and 5657 million yuan was raised; the first half of last year...