内地股市掀起了股权分置改革的热潮,这对活跃市场、促进股市回暖　起到了良好的作用。但是,股权分置对于股市的长远发展并不是什么灵丹妙药。要改善上市公司治理,源源不断地为股市提供动力,还需要其他诸多方面的配合。一般认为,股权分置这一历史遗留问题导致上市公司治理缺乏共同利益基础,造成非流通股东与流通股东、大股东与小股东的利益冲突相互交织。非流通 The Mainland stock market set off a wave of split share structure reform, which has played a good role in boosting the active markets and boosting the stock market. However, the split share structure is not a panacea for the long-term development of the stock market. To improve the governance of listed companies, a steady stream of power for the stock market, but also with many other aspects of cooperation. It is generally believed that the issue of the non-tradable shares, a problem left over by history, has resulted in the lack of a common interest basis for the governance of listed companies. As a result, the conflicts of interest between non-tradable shareholders and tradable shareholders, major shareholders and minority shareholders are intertwined. Non-circulation