the stock market circulated Stockholders
Should see, whole system evolution is a huge social change and market reform process, this process is neither was also cannot overnight, and need over time and pay the corresponding cost. However, in the 16th plenary meeting, the stock market has been painted the blueprint is overall change the direction of development, market, under the situation of basic indicate we have MBT USA conditions may also have to greatly quicken the marketization and internationalization stock in the process. Never delay and long wait for stock market is not only can also bring harm to the entire Chinese economy, this, we design and promote the whole system must fully understand and evolution of grasping is an important principle and important aspects.
The stocks of a listed company with non-tradable shares divided, with “a stream of non-tradable shares single big special status and full control of the shareholders’ meeting, board of directors and the board of supervisors and management office and then formed” a cold possessive “situation, the stock market circulated Stockholders become” social vulnerable group “but didn’t pass” hand referendum “way to express and reflects his ways and means, the will of China’s stock market is 13 years in the development of the main disadvantages and most prominent institutional defects. Although in the past 13 years, the period of tradable shares for the a-share market has provided more than 70 million direct financing, the total number of account of tradable shares already close to 70 million people, the management also specifically to protect the lawful MBT sale rights and interests of investors as the pinnacle of market regulation, but on the market, the legitimate rights and interests of the investors still in constantly being eroded, in most cases, the holders of tradable shares are in helplessness and helpless position, only by “voting with their feet” way to indirectly express their views and requirements, it will inevitably cause of shares in the objective economic internal mechanism of serious distortion.