【作者】 孟滋常；

【导师】 王建平；

【作者基本信息】 四川大学 ， 民商法， 2005， 硕士

【摘要】 签于我国证券市场和股份经济产生的历史背景和对公有制主体地位的机械理解,我国证券市场的股权结构最终选择了按所有者性质分为国家股、法人股和公众个人股,并同时规定国家股、法人股不能流通。这种制度安排在当时是必须的,对我国股票市场的形成和发展起了很大的促进作用。但是历史发展到今天,这一制度安排成为中国证券市场发展进程中的最大障碍,解决这一制度性缺陷已是迫在眉睫的问题。 对我国上市公司股权结构进行研究,不仅是为了解决现有的上市公司股权结构不规范问题,同时对未来上市公司的发展和国有企业改制的进一步完善也有着重要意义。 第一部分对我国上市公司股权结构现状的分析,总结出我国上市公司股权结复杂,流通性差,股权高度集中于单一大股东,大部分股权不能自由流通的不规范特点,并阐述其不规范现状及流动性分裂对我中证券市场,上市公司治理产生的不良影响。 第二部分分析我国上市公司股权结构及流动性分裂的成因。指出缺乏股份制内在经济因素,受我国传统的国家所有权和公有制理论影响,不完善的国有股权管理,运行机制对上市公司不规范股权结构及流动性能分裂有着重要影响。 第三、四部分提出对我国上市公司中国家股、法人股规范化的法律对策,具体提出正确认识国有股,依法完善国有股,股权管理,运行机制,解决国有股、法人股自由流通问题的法律对策,为上市公司股权结构规范化创造条件。 第五部分提出在上公司的收购中对上市公司股权结构的强行改变,为保护更多还原

【Abstract】 According to the historical background in which the securities market and the shares economy came into existence and the dogmatic interpretation of main status of the state-owned system, China’s securities market was divided into state-owned shares, corporate shares and personal shares based on the native of ownership ultimately, and at the same time, it was stipulated that state-owned shares and corporate shares couldn’t be circulated .Such a system was indeed quite necessary at that time, which facilitated the generation and develop of the securities market. However, it became the main obstacle to development of securities market, which proposed an urgent problem that should be tackled without any delay.The legal research on the shareholder ownership structure of Chinese stock company is not only for resolving the problem existing in Chinese stock company and the reform of our state-owned enterprisesThe first part of this paper gives the resent situation analysis on shareholder ownership of Chinese stock company .It conclusions the features of the shareholder ownership structure of Chinese stock company and the effect led by its unregulated present situation.The second part begins from the background of origins and developmemt of our stock company and analysis the reasons causing the above unregulated phenomena and split of shares degree .It attributes such present situation to the lack of economic factors of stock company, the traditional national and public ownership, and the unregulated management and corporation system of our State-Owned share ownership and split of shares degree.The third and the fourth part put forward the legal suggestions for regulation the share ownership structure of Chinese stock company. These suggestions are concluded from the process of studying the theory of unregulated share ownership structure and talking about the share ownership structure in practical cases.The fifth part put forward forceful change of shares structure during acquisition from listed company. In order tc protect shareholder’s shares. At the same time , it is necessary for government to make a law to obligate Anti-takeover.To deal with such troublesome issue fundamentally, we must have an in-depth perception about the function of the state-owned economy, the rational interval of the scale of the economy and how to exploit the potential of the state-owned shares.更多还原