The top ten shareholders refer to the top ten shareholders who hold the most shares in the total share capital. The difference between the two is whether the listed company has lifted the ban on tradable shares.
The tradable shares refer to the number of shares of listed companies that can be circulated on the exchange. Its concept is relative to the securities market. Among the tradable shares, according to different market attributes, they can be divided into A shares, B shares, legal person shares and overseas listed shares. Corresponding to tradable shares, there are also non-tradable shares, which mainly refer to state shares and legal person shares that cannot be listed and circulated temporarily.
With the healthy development of China's securities market, the non-tradable shares will gradually become history. Full circulation is the goal of China's share-trading reform in recent years and an important measure to ensure the normal development of China's stock market. Full circulation solves the problem of complex and unreasonable dispersion of the company's equity structure, and finally all shareholders of the company stand on the same starting line.
For major shareholders, it is of course a great advantage that stocks that were not easy to trade in their hands can now be sold at high prices in the stock market. For listed companies, the shares of major shareholders cannot be realized in the stock market, and the rise and fall of stocks have nothing to do with them, so they only know how to circle money in the stock market and have no enthusiasm to run the company well. Now their shares can also be traded in the stock market, and the share price is closely related to their interests, which urges them to improve the corporate governance structure and promote the company's development. Isn't this good for listed companies?
For the stock market, the quality of listed companies has improved and investors are willing to invest, which is one of them; Full circulation is conducive to acquisition and reorganization, increasing the activity of the stock market, which is the second.
For investors, the operation of listed companies has improved and profit opportunities have increased; The stock market is active and there are more opportunities to make money, isn't it? What's more, when the share reform, the major shareholders also paid the consideration.
For the country, it is a good thing to solve the problem of non-tradable shares left over from history. If the company is good and the stock market is good, you can collect more taxes. These are two benefits, shareholder profit and social stability. These are three advantages.
If the stock market is good and more shares can be issued, then the central government can raise funds through listing and reduce the burden on the state. These are four advantages.