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我国在创建股票市场伊始,基于对上市公司流通股比例高企而失去国家控股权的担心,精心设计了国家股、法人股、公众股和外资股并行的股权结构,其中公众股、外资股为流通股,国家股、法人股为非流通股。股权结构这种制度安排在开始曾在一定意义上促进了股市的形成和发展,但随着时间
At the beginning of establishing the stock market in our country, based on the fear of losing the state-controlled shares due to the high proportion of the tradable shares of the listed companies, the equity structure of the state shares, legal person shares, public shares and foreign shares are carefully designed. Among them, public shares and foreign shares are tradable shares National shares and legal person shares are non-tradable shares. Ownership Structure This institutional arrangement initially promoted the formation and development of the stock market to a certain extent, but over time