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To adopt certificate of circulation right for better reduction of state stocks
By Liu Yunzhong, Wang Zhongkui
Date: 2002/01/21
Abstract:
On the basis of recognizing the value of the circulation right held by holders of circulation stocks and on the basis of the original contracts, the market for transacting certificates of circulation rights and the market for the bidding transaction between holders of non-circulation stocks and holders of certificates of circulation right should be designed to solve the problem of reduction of state stocks and the problem of the circulation of non-circulation stocks.
