But all of these were not accepted by investors . the paper has proposed to analysis the origin of state shares , the hanns may be caused by nonnegotiable shares and the conunanding position stated shares and put forward a practical project of reducing statc shares , which is reducing the nonnegotiable shares and increasing the negotiable shares of listed companies to realize reducing state share gradually by increasing issue to refund pallial capital to purchase state shares 本文从国有股的产生根源进行分析，剖析非流通股及国有股一股独大产生的危害，提出一个具有可操作性的国有股减持方案，即通过增发新股筹集的部分资金来回购国有股份，使上市公司非流通的国有股份不断减少，流通股的数量不断增家，实现国有股的逐步减持，并逐步达到全流通。
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