问题的提出国务院印发的《关于国有企业发展混合所有制经济的意见》(以下简称《意见》)明确提出要探索完善优先股和国家特殊管理股方式,即国有资本参股非国有企业或国有企业引入非国有资本时,允许将部分国有资本转化为优先股。这说明优先股已经正式成为国有股混合所有制改革方案之一。优先股并不是什么新概念,在国有企业改制过程中,引入优先股的建议也不是第一次,但是优先股始终都没有进入国企改革方案之中。那么,为什么此次优先股方案能够进入国家层面的国企改革意见?优先股又能够 Issues raised The State Council’s Opinions on the Development of Mixed Ownership Enterprises by State-owned Enterprises (hereinafter referred to as “Opinions”) explicitly proposed to explore ways to perfect preferred stock and state special management stocks, namely, the introduction of state-owned capital into non-state-owned enterprises or state-owned enterprises When state-owned capital is allowed, some state-owned capital is allowed to be converted into preferred shares. This shows that the preferred stock has officially become one of the reform programs of the mixed ownership of state-owned shares. Preferred stock is not a new concept. In the course of the restructuring of state-owned enterprises, the proposal of introducing preferred stock is not the first one. However, the preferred stock has never entered the reform plan for state-owned enterprises. So, why the preferred stock program to enter the national level reform of state-owned enterprises? Preferred stock can