Abstract 〗 China listed companies have a characteristic structure of equity ownership, which non-circulating equity ownership owned by state and companies have the large fraction.
摘要〗我国上市公司具有独特的股权流通性结构：非流通的国有股和法人股占绝对控股地位。
Non - circulating shareholders have profit for seasoned new equity offerings and they perferto enhance price and quantity of seasoned new equity offering.
非流通股股东因增发新股而获益，倾向于增发新股及提高增发股票价格和规模。
The key to solving the problem is to improve equity structure and make appropriate arrangements for the circulation of non-circulating shares.
解决这一问题的关键是完善股权结构和妥善解决非流通股的流通问题。
The key to solving the problem is to improve equity structure and make appropriate arrangements for the circulation of non-circulating shares.
解决这一问题的关键是完善股权结构和妥善解决非流通股的流通问题。
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