Equity Structure of Chinese Listed Companies and Its Optimization

Author: Li Hua
Publisher:
Publish Date: 2004-12-01
Features: Through an analysis of the causes and characteristics of the special equity structure of Chinese listed companies, the impact of equity structure on corporate governance, the game analysis of the behavior patterns of various shareholders, and the empirical analysis of the impact of equity structure on the performance of listed companies, this book addresses some hot and practical issues in the Chinese securities market, such as the reduction of state-owned shares, full liquidity, the development of institutional investors, the protection of the rights of small and medium-sized shareholders, and curbing excessive speculation in the stock market. At the same time, these analyses prove that China's special "one-share dominates" partially liquidated state-owned equity structure is the root cause of various problems in the Chinese securities market. To solve these problems, the fundamental approach is to improve and optimize the equity structure of Chinese listed companies, and proposes policy recommendations on how to improve and optimize the equity structure of Chinese listed companies.