未流通的 meaning in English

uncirculated

The china ' s listing companies " common shares can be divided into tradable shares and un - tradable shares , and most of controlling shareholders hold state - owned share and legal person shares that both are un - tradable . the distinction between shares made different shareholders has different value - orientation . due to " agent shareholder " actually controlled the listing companies , they made the companies " objective deviated from maximizing corporate value - added to maximizing their own interests
中国上市公司的股份分为流通股和未流通股两部分，而占控股地位的绝大部分是未流通的国家股和法人股，股权结构的人为分割造成“同股、同权、同利”基础的丧失，利益的差别导致未流通股股东和流通股股东各自追求不同的价值目标。