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股权分置问题被普遍认为是困扰我国股市发展的头号难题。由于历史的原因,我国股市上有三分之二的股份不能流通。由于同股不同权、同股不同利等弊端,股权分置严重影响着股市的发展。经国务院批准,证监会于4月29日发布《关于上市公司股权分置改革试点有关问题的通知》,宣布启动股权分置改革试点工作。试点上市公司股东自主决定股权分置问题解决方案。在试点方案中,按照“国九条”的要求,向广大股民让利。5月8日,三一重工、紫江企业、清华同方、金牛能源4家上市公司被确定为首批股权分置改革试点企业。从其方案来看,基本上是采用“送股”方式来支付对价换取非流通股的流通
The split share structure is generally considered to be the number one problem plaguing the development of China’s stock market. Due to historical reasons, two-thirds of the shares in our stock market can not be circulated. Due to the different rights of the same shares, different interests of the same class and other drawbacks, the split share structure seriously affects the development of the stock market. With the approval of the State Council, the CSRC released the Circular on Issues Related to the Pilot Reform of Share Merger Reform of Listed Companies on April 29, announcing the launch of the Pilot Reform of Share Merger Reform. Pilot shareholders of listed companies decided to independently split the solution program. In the pilot program, in accordance with the requirements of the “nine states”, the majority of shareholders to the public. May 8, Sany Heavy Industry, Zijiang Enterprises, Tsinghua Tongfang, Taurus Energy 4 listed companies have been identified as the first batch of non-tradable share reform pilot enterprises. From the program point of view, is basically the use of “bonus” way to pay the consideration in exchange for the circulation of non-tradable shares