该报告表示，过去十年中，当大型投资者开始以这种方式开始煽动股市时，股份回购很快就随之出现了。

Over the past decade, when big investors begin agitating in this way, share buybacks have soon followed, the report adds.

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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.

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创业投资退出的主要方式有四种，即首次公开发行(IPO)、出售、股份回购和清算。

The Four major forms of venture capital exit are initial public offering (IPO), sale, share repurchase, liquidation.

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