The state - owned stock reduction is the crossover to the standardization of stock market , the deep reform of national - enterprise , the strategic adjustment of overall arrangement of state - owned economy and the complete development of welfarism . therefore , the problem has extremely value to the order - development of stock market 国有股减持是证券市场规范化、国企股份制改革深化、国有经济布局战略调整和社保制度完善的一个交汇点,对这一问题的研究有着很强的现实意义。