非流通股问题是中国证券市场的一大特色 ,也是其最大的历史遗留问题。中国上市公司的非流通股包括国有股、国有法人股、普通法人股、转配股、内部职工股和公司管理人员股。其中转配股和内部职工股已安排逐渐流通 ,并且不存在增量问题 ;公司管理人员所持股份根据《公司法》规定 The issue of non-tradable shares is a major feature of China’s securities market and also its biggest issue left over from history. Non-tradable shares of Chinese listed companies include state-owned shares, state-owned legal person shares, common legal person shares, rights issue shares, internal staff shares and company management personnel shares. Including share placement and internal staff shares have been arranged for circulation, and there is no incremental issues; shares held by company managers in accordance with the provisions of the “Company Law”