股权分置改革拉开了中国证券市场国际化的序幕,加快了中国证券市场国际化的进程。但是,这并不意味着国有股股东或国有股对中国证券市场的影响开始减弱。在股权分置改革过程中,按照政策规定,国有股及其他法人股的股东按一定比例用国有股及法人股向流通股的社会公众股东支付了对价,国有股的数量及国有股的比重有所减低;但是,在股权分置改革基本完成的后股改时代,大部分上市公司仍为国有控股或参股类上市公司,国有 The split share structure reform opened the prelude to the internationalization of China’s securities market and accelerated the process of internationalization of China’s securities market. However, this does not mean that the influence of state-owned stockholders or state-owned stocks on the Chinese stock market starts to diminish. In the process of split share structure reform, in accordance with the policy, shareholders of state-owned shares and other corporate shares paid the consideration to state-owned shares and legal person shares to the public shareholders of tradable shares according to a certain percentage. The number of state-owned shares and the share of state-owned shares decreased somewhat. However, In the era of post-share reform that basically completed the share-trading reform, most of the listed companies were still state-controlled or equity-listed companies. The state-owned