股权分置改革是2005年中国最重要的经济事件之一。解决股权分置问题,让非流通股变成可以流通的股份,必然存在非流通股股股东为换得流通权而向流通股股东支付对价的问题。本文阐述了实施股权分置关键性问题,探讨影响对价的因素以及对价支付方式的问题,对几种主要的支付方式的优缺点进行了具体分析。 The split share structure reform was one of the most important economic events in China in 2005. Solve the problem of non-tradable shares, so that non-tradable shares become tradable shares, inevitably there is non-tradable shares shareholders in exchange for negotiable shares to pay the price of shareholders. This article describes the key issues of the implementation of the split share structure, discusses the factors that affect the price and the method of payment, and analyzes the advantages and disadvantages of several major payment methods.