雨林之声
股权分置改革=split share structure reform?1) The split share structure refers to the existence of a large volume of non-tradable state-owned and legal person shares. This means only about one-third of the shares in domestically listed firms float on the stock markets.2) This study aims to introduce and investigate the different aspects and influences of the split-share-structure reform (SSSR) of China’s stock market so as to draw a complete picture of this important event in contemporary China, the largest transition economy in the world. Before the SSSR in 2005, there were two types of shares, namely tradable shares and non-tradable shares, which were a unique characteristic of Chinas stock markets. Tradable and non-tradable shares had different holding costs ...
