上市公司金融类国有股股东对报送材料的全面、真实、有效性负责。
Thee state-owned financial share holders of the listed companies should be held responsible for the comprehensiveness, truthfulness and effectiveness of the submitted materials.
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.
分配方面体现为分红与不分红均损害小股东利益。 最后，论文研究了“国有股权泛化”及“异股同权”条件下我国上市公司内外部控制机制的效率问题。
The paper goes on to discuss the eventuality of tunneling in Chinese public companies and its measurement of private benefits gained by controlling shareholders from tunneling.
控制权私人收益与第一大股东持股比例显著负相关，与国有股比例不存在显著相关性；
Private benefits of control has negative correlation with the shares of the controlling shareholders and has no significant correlation with the state-owned shares;
对第一大股东国有股还是法人股的正相关不显著。
We also find no positive significant relation between stock price and the first controlling non-circulating shareholder.
对第一大股东国有股还是法人股的正相关不显著。
We also find no positive significant relation between stock price and the first controlling non-circulating shareholder.
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