华东师范大学学报(哲学社会科学版) ›› 2001, Vol. 33 ›› Issue (2): 73-79.doi: 10.16382/j.cnki.1000-5579.2001.02.016

• 经济 金融 • 上一篇    下一篇

论中国上市公司国有股减持的若干问题

蓝发钦   

  • 收稿日期:2000-12-06 出版日期:2001-03-01 发布日期:2025-12-19

Some Issues about China's Quoted Companies Decreasing Their Holdings of State - Owned Stocks

Fa-qin LAN   

  • Received:2000-12-06 Online:2001-03-01 Published:2025-12-19

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摘要：

作为整个国有经济战略性重组问题中主要的一环, 中国上市公司国有股的减持已是当务之急。然而, 国有股减持重组犹如一把双刃剑, 它在盘活和减持国有股的同时, 也不可避免地会对证券市场造成较大冲击。因此, 在实施过程中应以公平、稳定、效率为基本原则, 处理好三个问题: 第一, 明确界定哪些行业是国有经济可以有所不为的; 第二, 采取多种方式多种渠道分流, 解决国有股减持、流通; 第三, 充分借助外部咨询机构的力量。

关键词: 上市公司, 国有股减持, 经营者股票期权, 国有股投资基金

Abstract:

It is very urgent for those quoted companies to decrease their holdings of state - owned stocks, since this is a major link in the whole strategic structure of state - owned economy. However, the decrease and reorganization of state - owned stocks is just like a double - edged sword. Inevitably it will produce an impact on the security market when state - owned stocks are activated. Therefore, the fundamental principles should be effected, that is, fairness, stability, and efficiency. There are three problems which should be well solved: first, clearly confining state - owned economy to some trades that may be done and some that may not be done; secondly, taking various measures and channels to diversify state -owned stocks; thirdly, having the aid of consultative agencies.

Key words: quoted company, decrease of holdings of state - owned stocks, executive stock option, investment fund for state - owned stocks