非上市公司股权长期以来处于无头监管、无法流转的“地下”状态,完善其股权流转的监管是我国构建多层次资本市场体系的要求。首先,应制定非上市公司股权流转的法律法规,把此类股权交易统一纳入资本市场体系,为经济运行提供保证。 The ownership of non-listed companies has long been in a state of “undergroundness” without supervision and circulation and improving the regulation of its shareholding transfer is the requirement of building a multi-level capital market system in our country. First of all, the laws and regulations on the transfer of shares of non-listed companies should be formulated. Such transactions should be uniformly incorporated into the capital market system to provide guarantee for the economic operation.