完善股权分置改革方案的方法论思考.doc

1 完善股权分置改革方案的方法论思考湖北大学商学院教授张建民(武汉市 430062 ) 研究生宁代兵曹孟鸣研究领域:金融学张建民简介: 湖北大学商学院教授, 金融学与国际贸易学两个专业的硕士导师, 长期研究中国证券市场和区域经济与贸易两个方向,出版了两本专著和大量相关文章。联系方式: 430062 湖北省武汉市湖北大学商学院张建民,电子邮箱: zhangjianmin5050@ 【内容提要】股权分置改革试点方案启动以后, 中国股市竟然象对待 4 年前的国有股强行上市的改革一样给予了冰冷的回应, 股指迭创新低。理论上可行的方案在实践中行不通, 根本原因在于方案设计者强调股权分置问题必须解决有余,对如何解决问题的思考则明显不足, 因而改革启动得十分仓促。笔者根据中国股市的特色和自己十年来的研究成果认为只有真心维护中小投资者利益并且用系统论方法才能解决股权分置这样一个重大的历史遗留问题。【关键词】股权分置改革方案方法论 A methodological Consideration of the Perfection of Split Share Structure Reform Scheme Professor Zhang Jianmin, Business school of Hubei University (Wuhan 430062) Graduate student Ning Daiibing Cao Mengming [ Synopsis ] Stock right is it put after reform pilot scheme start to divide, Chinese stock market alike state-owned stock to treat one year offer ice-cold response the listing reform by force unexpectedly, the stock index changing and reaching the new low point. Feasible scheme in practice impractical in theory, basic reason lie in scheme designer emphasize stock right is it put problem must be solved and had enough and to spare to divide, to what thinking of solving the problem is obviously insufficient , therefore the reform is started very hurriedly. I think according to characteristic and oneself research results over the past ten years , Chinese of stock market only wholehearted to maintain medium and small investor interests and could solve the stock right with