non-tradable shares 中文意思是什麼
non-tradable shares
解釋
流通股-
Solve the non - tradable shares and reinvent market confidence
解決股權分置重塑市場信心 -
Secondly, it is analyzed that tradable shareholders will suffer a great loss resulting from non - tradable shareholders ’ selling for profit encashment when they haven ’ t paid enough consideration price in the share structure reform, based on the fact that transfer prices of non - tradable shares are much lower than that of tradable shares, and comparison between the discount ratio of transfer price of non - tradable share to tradable share and the lower ratio converted from consideration price paid in the share structure reform, by the conception of share price overflow between different transferring system in china
隨后本文援引華生關於我國股票市場流通股所存在的「流通性溢價」概念，通過非流通股轉讓價格遠低於流通股股價的事實，以及非流通股對流通股股價的折價率與股權分置改革方案給流通股股東帶來的折算的股價降低率之間的比對，說明了在股權分置改革對價水平不夠的情況下，非流通股股東為了兌現盈利而大量拋售股份和流通股股東因此蒙受虧損的狀況。 -
A holder of non - tradable shares holding 5 % or more of the total number of shares of a pilot listed company shall undertake that once the undertaking period specified in the preceding item expires, the number of shares it sells by listing, trading and selling on a stock exchange will not account for more than 5 % of the total number of shares of the company in 12 months and will not exceed 10 % in 24 months
二）持有試點上市公司股份總數百分之五以上的非流通股股東應當承諾，在前項承諾期期滿后，通過證券交易所掛牌交易出售股份，出售數量占該公司股份總數的比例在十二個月內不超過百分之五，在二十四個月內不超過百分之十。 -
Non - tradable shares reform and state - owned capital management
股權分置改革與國有資本管理 -
On non - tradable shares reform and listed corporate governance
我國國有商業銀行公司治理結構改革研究 -
A positive research on the abnormal return of the public companies engaged in the pilot reform of non - tradable shares
股權分置改革試點上市公司的超常收益實證研究 -
Spca ? mainstream in era of reform of non - tradable shares
要約收購：中國后股權分置時代的並購主流？ -
Non - tradable shares holders obtain the the right to trade through payment of consideration in various ways in share - trading reform, such as in a method of payment of cash, in a method of scrip issue or reduction of shares, in a method of issuing call warrants or put warrants, in a method of presenting the shares formed from the shares or dividends increased or distributed with a listed company ’ s capital reserve to holders of tradable shares, in a method of contributing high - quality assets to a listed company, exempting the listed company ’ s debts, or assuming debts on behalf of the listed company, in a method of promise
隨著股權分置改革的全面展開，這一影響還將繼續。本文正是利用事件研究的方法，就「對價」方案的公布與實施對市場的沖擊進行實證分析，進而綜合股權分置改革「對價」市場效應分析，對投資者和管理層提出了建議，不僅具有很高的理論價值，而且具有重要的現實意義。全文分為三章，其中前兩章是論文的基礎，第三章是論文的重點。 -
Such valuations are based on the improbable projections that all of the company ' s non - tradable shares still held by the state parent are equal in value to the traded shares
此等估值基於一個不太可能的假設，即中石油國有母公司持有的全部非流通股，均與流通股等值。 -
Analysis on the valuation methods of corporate shares in the reform of non - tradable shares
股權分置改革中法人股價值評估方法初探 -
The brief analysis at the appraisement on reform of non - tradable shares
淺析股權分置改革的對價問題 -
According to the common principle in institutional economics, non - tradable shares will lead to increase the exchange fare and the society cost, and decrease the efficiency of the resource configuration, along with the development of china ' s securities market, the reform of non - tradable shares is imperative under the situation. the article is divided into six parts : the first part explained the conception and the formation reason of non - tradable shares, it definitely pointed out the similitude and differentia among the reform of non - tradable shares, full circulation and state stock reduction
本文從中國證券市場股權分置的成因入手，論述了解決股權分置的歷程和目前我國股權分置改革試點的總體思路及具體辦法;在此基礎上，對改革過程中管理層、非流通股股東以及流通股股東之間的多方博弈作了分析，並就這一改革對中國證券市場的完善和發展所產生的影響作了初步的探索。 -
Last month, hainan airlines, a regional carrier in which george soros, a financier, holds a 14. 8 % stake, announced plans to sell its non - tradable shares to finance expansion and repay debt
上個月，作為一家金融大鱷喬治?索羅斯入股14 . 8 %的地方性航空運營商，海南航空宣布計劃賣出非流通股，為擴張籌資並用於償還債務。 -
In chinese stock market there are a variety of falsification and breach of faith which result in belief crisis. now is the situation that the regulator, the public companies, the financial intermediaries and the investors will have no faith in each other. on june 6th, 2005 the shanghai composite index fell below 1000. during four years bear market investors have losed almost $ 1, 000 billion, and the heavy loss gives us a lesson that the stock market must build on the foundation of credit. the non - tradable shares is a big barrier. now we are sweeping off the barrier and cherish a open, fair and justicial stock market. to make a sound foundation for the stock market the key is to rebuild the credit of the market, including the credit of the regulator, the redit of the public companies, the credit of the financial intermediaries and the cultivation of the credit culture. this paper profoundly analyses the credit environment of the chinese stock market by the use of credit theory, pointing out that the reason accounting for the lack of credit of the chinese stock market is the unclearly established ownership of the property rights. another reason is that the regulator makes his credit destroyed when he is sustaining the public companies. how to improve the credit environment of the chinese stock market
但真正要重建中國證券市場，關鍵還在於重建市場信用，包括政府信用、上市公司信用、中介機構信用、以及由全體投資者參與的信用文化培育。本文在研究信用理論基礎上，深入研究中國證券市場信用現狀，指出中國證券市場信用缺失的根本原因是上市公司產權不明晰、政府為了維護國有控股上市公司的利益使自身信用一再遭到破壞，同時沒有有效的失信懲罰機制。對于如何改善中國證券市場的信用狀況，研究表明:重建證券市場信用，必須首先改革國有資產管理體制，使政府擺脫與上市公司的利益糾葛，從而政府成為中立的裁判者。 -
Stock exchanges shall carry out compliance examinations of the documents submitted by pilot listed companies that intend to implement separation reform plans and shall submit the sales of shares by holders of formerly non - tradable shares of pilot listed companies and related information disclosures to ongoing oversight
證券交易所對試點上市公司實施股權分置改革提交的申報文件進行合規性審查，對試點上市公司原非流通股股東出售股份及相關信息披露工作實施持續監管。 -
But the reform of non - tradable shares has carried on from may, 2005, the division between tradable and non - tradable shares will eliminate, which will result in the foundation of the market - driven system. the behavior of listed companies ’ tender offer, therefore, will experience the profound transform
而隨著全流通改革的逐步推進，流通股與非流通股的界限消除，資本市場的格局逐漸規范化，要約收購市場化基礎的建立，中國上市公司要約收購行為必然會發生重大變革。
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