在中国,上市公司股权由于分为非流通股和流通股两部分而显得另类,因而才有了股权拍卖,并为此专门制定了法律规章,以区别于其他财产的拍卖。在上市公司股权拍卖特别是成交价低于净资产值较多的新闻报道中,我们经常看到流通股股东的质疑,认为股东有优先购买权。《中国拍卖》杂志5月号也刊登了两 In China, because equity of listed companies appears to be different because they are divided into non-tradable shares and tradable shares, the equity auction has been made and a law and regulation has been specially formulated to distinguish it from other property auctions. In the news reports about the equity auction of listed companies, especially the transaction price of which is lower than the net asset value, we often see the shareholders of tradable shares questioning that the shareholders have the preemptive right. The May Auction of China Auction also published two