一、国有股减持的理论依据和现实动机 作为一个有效的证券市场,其最基本的原则就是同股同权,也就是基于这一点,才能谈市场对资源配置的有效性,上市公司的管理机制才能完善而有效,这也是国有股减持的理论基础。但长期以来,中国的证券市场是作为为国企服务 First, the theoretical basis for the reduction of state-owned shares and the actual motivation As an effective stock market, the most basic principle is the same power shares, that is based on this point, we can talk about the market effectiveness of the allocation of resources, the management mechanism of listed companies Can be perfect and effective, which is also the theoretical basis for the reduction of state-owned shares. But for a long time, China’s securities market has served as a state-owned enterprise