To strictly control the introduction of new regulations SASAC State-owned Shares.

<P>: Http:// hearing, state-owned shares is causing the stock market may face more financial pressure concerns. .It is said that SASAC introduced a series of reduction requirements are brewing, hope to take certain measures to control the pace of state-owned shares to avoid the so-called cash and a large number of state-owned shares hit the market. .</ P> <P> sources said, the reduction requirements include "the transfer of state-owned shares of listed companies Interim Measures" and other documents, or the introduction of this month. .Reduction of one of the core requirements, the requirements of the total share capital of the state-owned holding company of 10 million shares following the company, holdings of shares in three consecutive years of not more than 5% of the total share capital; the total share capital of a reduction in the top of this .not exceeding 5000 million, and three years of not more than 3% reduction. .The conditions of state-owned joint stock company slightly wider, by the adjustment for one year for three consecutive years. .</ P> <P> industry experts said that if the foregoing is true, can be understood as state-owned sector hopes to take effective measures to control the pace of state-owned shares, the so-called state-owned shares to avoid a large number of cash and put pressure on the market. .</ P> <P> Also, can not be ignored, the state-owned shares transfer limit does not exist is self-evident, that the national state-owned shareholders in the national economy to ensure that basic and pillar industries of the listed companies in the holding position, so the reduction of state-owned shares .who should not be substantial and widespread. .</ P> <P> now control both the central SASAC companies, or local state-owned enterprises, its processing power are firmly in the hands of state-owned sector. .Even if 5% of the SASAC entered into freely transferable shares of determination, it may be state-owned holding enterprises from the secondary market to buy back part, not really related to the former controlling shareholders of the listed company's initial equity. .</ P> <P> but it is worth noting that, in the long run, China is gradually turning point is the expected short-term liquidity. .Single from the stock market, relying on the market value of savings to promote increased conversion of kinetic energy in the decline; issue of special treasury bonds will be sucked away about the future 1.55 trillion yuan of funds; QDII expansion will be. .After the share reform of the domestic market is still only about 30% of the shares in circulation, the structural defects, leading to the stock of capital is not much to chase. .In addition, regulators also adopted market-oriented means to add the amount of tradable shares (return of red chips will finance about 2,500 million) rather than the release of stock. .</ P> <P> financial pressure will not change a moment. .If the share reform from the beginning of 2005, the date, around 2009, will mark the peak of listed companies tradable. .The SAC provides the "three-year" time limit if the sale of shares of listed companies from the first lifting of the ban, counting about the same failure in 2009. .At that time, the return of red chips "Elephants" will also be subsequently lifted. .So it seems, considerable market pressures in three years. .</ P> <P> but market analysts point out that the amount of the transfer of state-owned shares in three years will not suddenly increase. .Non-tradable share reform before the 67% of total shares, of which 15% of non-tradable shares as a "small non." ."Cardinal" in the holdings of the largest shareholder at 50% less than average, if you allow the transfer of shares, the average holdings may be reduced to 40% level. .</ P> <P> In addition, these provisions are still maintain the state-owned shares can legally be transferred without compensation to the government agencies, public institutions, state-owned enterprises such decisions, together with the officials concerned had expressed the SAC, which along with the restructuring of state-owned economy .and the overall listing of state-owned enterprises to diversify equity group level as soon as possible, under the centralized organizational structure, then the object of state-owned shares of the transferee is more likely to state system itself. .</ P>.