自从4月间有关国有股减持的市场传闻散布之后,国有股减持再度成为焦点财经主角。“市场总是对的”。如果说债转股曾经以转出13000亿元的庞大资金成为国内外瞩目焦点的话,那么,国有股减持将在更大的资金层面上撼动市场,并对中国资本市场、社会保障体系、国有企业改革以及宏观经济、结构调整等许多重大问题产生影响,难怪备受瞩目。对于市场人士来说,关注大的政策变动就是关注未来的市场波动,就是在风暴来临之前早备舟楫,或在春雨降临之前早备钵盂……究竟如何理解“国有股减持”:中国改革到了这一步后,如何通过国有股减持进一步往前推进;国有股减持的原则与取向是什么;不同的国有股减持方案会带来何样的改革成本与收益;国有股减持会不会在流行的谬误下变了味道;国有股减持会以何样的方式冲击市场,对市场产生震荡……让我们关注国有股减持。 Since the market rumors about the reduction of state-owned shares in April spread, the reduction of state-owned shares once again become the focus of financial leaders. “The market is always right ”. If the debt-for-equity swap has become the focus of attention both at home and abroad with a total amount of 1.3 trillion yuan transferred out of stock, then the reduction of state-owned shares will shake the market at a larger capital level and will have an impact on China’s capital market, social security system, state-owned enterprises It is no wonder that reform and the macroeconomy, structural adjustment and many other major issues have had an impact. For market participants, paying attention to big policy changes is to focus on the future market volatility, that is, before the storm is over, there is plenty of room for improvement or before the spring rain comes to an end. How do you understand “state-owned shares reduction”: China’s reform After this step, how to further push forward the reduction of state-owned shares? What are the principles and orientations of the state-owned shares reduction? What kinds of reform costs and benefits will be brought by the different state-owned shares reduction plans? The fallacy has changed the taste; in what way the reduction of state-owned shares will impact the market and shock the market ... Let us pay attention to the reduction of state-owned shares.