Where Is The Difference Between State-Owned Shares And Corporate Shares And Public Shares?

What are state-owned shares, what are corporate shares and public shares?

According to the main body of investment.

The shares of Listed Companies in China can be divided into

Corporate shares and public shares.

State owned stock index has the right to represent shares or departments invested by the same family to invest in state-owned assets.

Including shares converted into existing state assets of the company.

Since most of the joint-stock enterprises in China are restructured from the original large and medium-sized state-owned enterprises, the state-owned shares occupy a large proportion in the company's equity. Through restructuring, a variety of economic components can coexist in the same enterprise, while the state controls the more resources by means of holding, with less capital, and consolidates the dominant position of public ownership.

The shares of a legal person stock index, an enterprise legal person or a public institution with a legal person qualification and a social organization, whose assets can be operated according to law, shall be partially invested in the company's non tradable share.

At present, in the ownership structure of Listed Companies in China, the average share of legal persons is about 20%.

According to the object of the subscription of legal person shares, the legal person shares can be further divided into three parts: the legal person share, the foreign legal person share and the legal person share.

Social public stock refers to the shares formed by individuals and institutions in China in the form of partial investment in the listed company's legitimate assets.

Chinese investors buy and sell shares in the stock market through about 30000000 shareholders' accounts, all of which are public stocks.

The company law of our country stipulates that the number of individual shares of a single natural person shall not exceed 5% of the company's shares.

China's state-owned shares and legal shares are not yet available for sale.

State shareholders and legal shareholders

Within the scope of the law, the securities authority can sign a pfer agreement with the qualified institutional investors, and complete the pfer of the large share rights once and for all by the 19 part of the stock authorized by the securities authority.

As the proportion of state shares and corporate shares in the total share capital is more than 70%, in most cases, the controlling rights of a listed company should be acquired, and the acquirers need to agree to grant large share interest from the original state shareholder and the legal person shareholder.

In recent years.

With the development of mergers and acquisitions, such as shell, backdoor and other asset reorganization activities, the pfer of state-owned dividend corporate shares is also gradually increasing.

For example, in 1995, the China First Automobile Group Corporation agreement granted the 500 million gold shares of the Shenyang gold cup to 51% of its shareholding ratio. The Shenyang gold cup was renamed the FAW Jinbei cup and incorporated into FAW Group.

Except for a small number of company staff shares, internal staff shares and pfer shares.

Subject to certain restrictions, the vast majority of public stocks can be traded on the market.

By the end of 1997, there were 821 A shares and B shares listed on the stock exchanges in Shanghai and Shenzhen, with a total share capital of 1771.22.

Among them, the circulation of public shares is 56 billion 764 million shares, accounting for 32% of the total share capital.