股权分置改革是调整我国证券市场的一项重大决策,在目前股改不断推向高潮,改革措施初显成效的同时,其所面临的法律困境也凸现出来,尤其是流通股股东所遭受的侵害。本文试从股权分置改革的法律性质入手,分析流通股股东所面临的侵害,从而提出有关流通股股东权益保护的一些建议,以期与学者探讨。 The non-tradable share reform is a major decision to adjust the stock market in our country. At the same time, the share reform has been pushed to the climax and the reform measures have taken initial effect. At the same time, the legal predicament faced by them has also emerged. Especially, . This article tries to start with the legal nature of the non-tradable share reform and analyze the infringement faced by the tradable shareholders, so as to put forward some proposals on the protection of the rights and interests of the tradable shareholders with a view to discussing with scholars.