股权

While the ownership structure is so special formed by the special situation of our country, it will be useful to perfect the security market and optimize the ownership structure to study how the special ownership affect the dividend policy.

而我国特殊的国情形成了我国特殊的股权结构，研究我国特殊股权结构下对股利政策的影响将有助于我国证券市场的完善和股权结构的优化。

The same year on August 24, the China Securities Regulatory Commission, the State Council, SASAC , The Ministry of Finance, the People's Bank of China, Ministry of Commerce jointly promulgated the "listed companies on the share reform of guidance" that the relevant government departments to promote the comprehensive share reform of the determination "at all costs, to be determined to succeed"; 2005 September 4, the Securities and Futures Commission promulgated "listed companies split share structure reform management practices," the legally binding document issued for the future reform of the overall market clearly expected the process is of great significance; on September 6, Shanghai , The Shenzhen Stock Exchange Clearing Corporation and China issued a formal "of listed companies split share structure reform operational guidelines" and "listed companies split share structure reform format specification guidelines."

于8月24日在同一年，中国证券监督管理委员会，国务院，国资委，财政部，人民的中国，商务部，财政部联合颁布了关于共享"上市公司改革的指导意见"，有关政府部门促进不惜一切代价"的决心，全面股改，以确定成功"，2005年9月4日，证券及期货事务监察委员会颁布的"上市公司股权分置改革管理办法，"具有法律约束力的文件，对整体市场发出明确今后的改革进程，预计具有重要意义，发表了9月6日，上海，深圳证券交易所和中国结算公司正式上市公司股权分置改革业务"的指导方针"和"上市公司股权分置改革格式规范指引。"

The asset of stock right: the stock right of a debt-to-equity swap enterprise as held by an asset company and the stock rights of all kinds of enterprises as held by the other means such as asset exchange and swapping debts with assets

股权类资产：资产公司持有的债转股企业股权，通过资产置换、资产抵债等其他方式持有的各类企业股权

The motivation of equity trust is complex, and not all equity trust is for the transference of stock.

股权托管的动机是复杂的。实际发生的股权托管并非都是为了进行股权的转让。

Compared with western countries, such kind of shares in China are unexchangeable, including state-owned shares and legal person-owned shares, and Chinese stock market is not very mature. That will probably make difference between our conclusions and theirs.

由于中国上市公司的股权结构的特殊性，股权转让的标的基本都是不可流通的国有股和法人股，加之股票市场还不成熟，可能使得中国股权转让的股价行为与西方的实证结论不完全一致，而带有一些中国特色。

Ii Share option reserve The share option reserve represents the fair value of the number of unexercised share options granted to employees of the Company recognised in accordance with the accounting policy adopted for share-based payments in note 2.

ii 购股权储备授予本公司雇员之未行使购股权数目之公平值根据附注2内以股份为基础付款所采用之会计政策确认，即为购股权储备。

In case the shareholder of the enterprise has paid part instead of full of the contributable capital without violating legal contribution provisions, and this shareholder waives the shareholding of the unpaid contribution, and another shareholder or a new shareholder intends to take over it, the declaration of waiving the shareholding of the unpaid contribution of the shareholder shall be submitted (1 original, signed by the relevant shareholders' legal representative, sealed by the shareholders).

企业股东已缴付部分出资，但未缴清全部出资，在不违反法定的出资规定情况下，该股东自愿放弃其未缴付出资部分的股权，而其他股东或新股东愿意承接该部分股权的，提交该股东自愿放弃其未缴资股权的声明(原件l份，有关股东法定代表签字，股东盖章)。

This article analyses the meaning and nature of the state-run stock right and corporation property right, and points out that the corporation property right is the epigynous concept of the state-run stock right.

本文分析了国有股权与法人财产权的内涵和性质，在此基础上指出法人财产权是股权的上位概念，因而从股权来推导出法人财产权的思路根本上是行不通的。

Look from the technology, triplex the group calls in the equity obstacle such as this is not big, can cause debt of bank of this stake on sale completely through repaying, remove to wait for the impawn of equity to this, call in the equity of 9.02%.

从技术上看，三联集团收回该等股权障碍不大，完全可以通过偿还引起此桩拍卖的银行债务，解除对该等股权的质押，收回9.02%的股权。

Chapter 8 puts forward that the establishment of corporate equity ownership structure must adapt to its outer business circumstance after theory study, comparative analysis and positive analysis. Furthermore, it disserts that modest concentrated and rights restricted equity ownership structure mode in China, as well as it puts forward the policy suggestion on improving equity ownership structure.

第八章，在理论研究、比较分析与实证分析的基础上，提出股权结构的设置必须适应公司的外部经营环境；在现阶段应根据我国国情和现实建立适度集中而权利制衡的股权结构模式，以及改善股权结构的政策建议。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。