我国股份回购有着特殊的使命——减持国有股。
Stock repurchase in china has a special mission-to lessen state-owned stocks.
减持国有股，实现国有股流通已成为当务之急。
Reducing holding state-owned shares practising the circulation of state-owned shares has become the most pressing task at the moment.
国有股减持导致股票市场的大幅下跌，其咎不在以市场价减持国有股的减持方案。
Cutting down the state_owned shares at a market pr ice led to a continuing fall of the stock indices, but it is not the fault of market price program.
国有股减持导致股票市场的大幅下跌，其咎不在以市场价减持国有股的减持方案。
Cutting down the state_owned shares at a market pr ice led to a continuing fall of the stock indices, but it isn't the fault of market price program.
只有减持国有股，改变国有上市公司的股权结构，才能从根本上完善国有上市公司治理结构。
Therefore, the governance structure of companies can be basically improved only by changing the equity structure and characteristics in the way of reduction of holding the state-owned stocks.
本文阐述了减持国有股的意义和必要性，同时回顾了1999年以配售方式减持国有股的实施方案及后果。
This paper discussed the necessity and significance of reducing the state-owned shares, and reviewed the consequences of reducing the state-owned shares by way of rations in 1999.
分析了股份回购同每股收益和每股净资产之间的关系。提出了通过股份回购减持国有股和调整资本结构的设想。
The relationship between share repurchase and EPS was analysed. Projects about decrease of share and adjustment of capital structure were proposed.
结合今年《减持国有股筹集社会保障资金管理暂行办法》的实施及市场反应，笔者对此进行了反思并提出个人的建议。
The author reflected on "the temporary management methods of reducing the state-owned shares and raising the social security funds" and put forward his own Suggestions.
鉴于此，在进行具体方案设计前，文章对减持国有股充实社保基金的相关问题进行了研究，并对方案设计提出了总的要求。
In view of the above reasons, before designing the concrete proposal, the article researches some questions related to lessening stated-owned stocks and filling the social security fund.
基于这样一种背景，本文对我国国有股减持方法进行了探索。
According to this kind of background, the author tries to find new methods for lessening the state-owned share.
国有股的定价是国有股减持的关键问题之一。
The pricing of state shares is one of the key factors in the reduction of state shares.
本文着重分析股份回购在国有股减持中的重要作用、运用条件、运用方式以及运用效果的实证研究。
This article will focus on such analysis as the important function, the applied conditions, the applied ways and the applied effects of stock repurchase in state-owned stock lessening.
本文以国有股减持信息入市为例，分析了大额交易的生存参数变化与市场状态变迁之间的关系。
For example, with the release of the information that government will cut down its state-owned shares, the change of the Cox model structure shows the evolution path of the market.
本文从完全信息静态博弈和完全信息动态博弈的角度，对国有股减持问题进行了分析。
The paper analyses the convertibility of state-owned shares from the two perspectives of static game and dynamic game theory.
第三章，对国有股减持的两次尝试进行了分析，重点论述了两次尝试失败的原因及应吸取的经验和教训。
Chapter three attaches special importance to the analysis and evaluation of the two reduction attempts in the past.
减持上市公司国有股建立现代企业制度已迫在眉睫。
It is extremely urgent to lessen the state owned share of the listed companies, and to establish the modern business enterprise system.
上市公司的国有股减持问题在2000年下半年以来成为我国证券市场最为关注的问题之一。
Since the second half year of 2000, lessening of state-owned shares has been one of the most concerning problems in Chinas security markets.
低迷的德国证券市场给国有股减持造成了什么样的障碍?。
What obstacles did the depressed securities market bring about to the SIPO process?
本文分析了国有股减持陷入困境的深层次原因，并提出了解决国有股减持问题的基本思路。
A basic design is proposed on the base of analyzing the reason that the state shares reduction is in the dilemma in the paper.
本文以国有股减持信息入市为例，分析了大额交易的生存参数变化与市场状态变迁之间的关系。
For example, with the release of the information that government will cut down its state-owned shares, the change of the c...
实现套现初衷并适当补充社会保障资金。在国有股减持方案设计中，必须处理好三个关键问题，即：国有股的流通方式、定价机制和减持资金运作模式。
There are three key matters during the scheme designing, the mode of share mobilization, the pricing mechanism and the usage of funds come from the share offering.
这一价格既考虑了流通股的市价，又考虑了国有股权的内在价值，兼顾了国有股股东和流通股股东的利益，可以作为国有股减持的定价依据之一。
The price not only considers market price of ordinary share and intrinsic value of state-owned ownership, but also protects benefits of shareholders. so it can be used as basis of pricing subject.
国有股减持全流通是证券市场最大的变数和难题，应在国有股减持流通中遵循平衡协调原则。
It is the biggest variability and the most difficult problem of stock market that state-owned stock reduce to hold and circulate.
文章从博弈论、制度变迁角度对国有股减持暂停原因进行了分析，并认为两个观念的转变是推进国有股减持的关键因素。
This paper analyzes the reason of the pause of state-owned shares lessening from the point of gaming and social system changing. We think that the idea changing are the key to the question.
要建立有效的公司治理结构，必须调整股权结构，坚持国有股减持。
If we want to build an effective governance, we must readjust share rights' structure and insist in selling off government shares in enterprises.
提出了浮动定价渐进配售策略，对国有股减持和流通的操作有效性进行探讨并提出相应的政策建议。
This paper puts forward the tactic of state-held shares rationing through floating pricing. On one hand, this article explores the operation practicability...
提出了浮动定价渐进配售策略，对国有股减持和流通的操作有效性进行探讨并提出相应的政策建议。
This paper puts forward the tactic of state-held shares rationing through floating pricing. On one hand, this article explores the operation pra...
提出了浮动定价渐进配售策略，对国有股减持和流通的操作有效性进行探讨并提出相应的政策建议。
This paper puts forward the tactic of state-held shares rationing through floating pricing. On one hand, this article explores the operation pra...
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