上市公司国有股退出过程中存在的法律问题简析  

Legal Issues Concerning Withdrawal of State-owned Stock of Listed Companies

作　　者：江思源[1] 

机构地区：[1]武钢党校,湖北武汉430080

出　　处：《武汉冶金管理干部学院学报》2004年第4期67-68,75,共3页Journal of Wuhan Metallurgical Manager's Institute

摘　　要：国有股退出有利于上市公司股权结构的优化。目前我国证券市场上国有股退出的主要方式是减少国家在上市公司中的持股比例 ,即国有股减持。但在国有股退出过程中存在着配售或回购价格确定的法律依据不明、操作具有较强的行政色彩、不同的退出模式对公司和股东的影响不一等问题。为使我国证券市场健康发展 。Withdrawal of state-owned stock helps optimize share -h olding structure of listed company. The main way in which the state-owned stock withdraws from the security market is to reduce the shareholding ratio of nation in the listed company, namely the decrease of state-owned stocks. But while the state-owned stock withdraws, there exist such problems as indefinite price of r eplacement and ration, stronger administrative color when operating, different w ithdrawal mode and different impact on company and shareholder. It is necessary to legislate to solve these problems to make the security market of our country sound develop.

关 键 词：国有股退出 减持 配售 回购 非市场因素 

分 类 号：D920.4[政治法律—法学]