2005年4月29日,中国证监会发布《关于上市公司股权分置改革试点有关问题的通知》,股权分置改革正式启动。一年来,一场从根本上推动中国证券市场发展的变革,使中国股市经历了一次飞跃之旅,获得了凤凰涅磐般的蜕变重生。时至今日,沪深两市大部分上市公司已完成或者进入股改程序,? On April 29, 2005, China Securities Regulatory Commission promulgated the Circular on Issues Related to the Pilot Reform of Share Merger Reform of Listed Companies, and the non-tradable share reform was officially launched. In the past year, a revolution that fundamentally promoted the development of China’s securities market has given the Chinese stock market a leap of expedition and won the Nirvana-like transformation of the Phoenix. Today, most of the listed companies in Shanghai and Shenzhen have completed or entered the share reform program ,?