非流通股流通——塑造我国股市持续、稳定发展的制度基础  

Circulation of Non-circulating Stocks System——Basis for Shaping China's Sustainable Steadily-developing Stock Market

作　　者：张旭[1] 杨运杰[2] 

机构地区：[1]中国人民大学,北京100007 [2]中央财经大学,北京100081

出　　处：《山东财政学院学报》2003年第3期20-23,共4页Journal of Shandong Finance Institute

摘　　要：本文把 2 0 0 1年 6月以来股市下跌的原因和目前国民经济持续增长下股市持续低迷的原因区分开来 ,认为非流通股不流通是股市持续低迷的深层次原因 ,因此要想使股市摆脱持续低迷的状况 ,必须实现非流通股全流通。非流通股流通是解决我国股市持续、稳定发展的当务之急和制度基础 。Distinguishing the reasons of the fall of the stock market since June, 2001 from that of the present sustainable slump in the circumstances of national economic sustainable growth, the paper considers that non-circulation of non-circulating stocks is the deep reason for the latter. So if we want to get the market out of the situation, all the non-circulating stocks must be circulated. This is a task of top priority and system basis for solving the problem. The paper also puts forward several principles for the proposal.

关 键 词：非流通股 中国股市 制度基础 股市发展 市场经济 

分 类 号：F832.51[经济管理—金融学]