在后股改时代,上市公司国有资产的收益主要表现为国有控股(参股)上市公司的国有股分红所得。当然,国有股的流通使得国有股价值可以按市场计算,而且,国有股市场还会随着证券指数的上涨有较大提高;但是,市值增值及溢价只能是账面收益。因此,国有股管理要围绕着分红收益及市价估值 In the post-reform era, the proceeds of the state-owned assets of listed companies are mainly represented by the proceeds from the state-owned shares of state-owned shareholding listed companies. Of course, the circulation of state-owned shares allows the value of state-owned shares to be calculated on the market. Moreover, the state-owned stock market will also increase greatly with the rise of the securities index. However, the appreciation of the market value and the premium may only be book returns. Therefore, the management of state-owned shares should focus on dividend income and market valuation