| Abstract | Calls for solving the liquidity issue of state and legal person shares, a thorny problem with distinct Chinese characteristics, are growing louder, but securities authorities seem to be at their wits' end in trying to come up with an answer. Accordingly, it is not surprising that Shanghai Dazhong Taxi's trail-blazing conversion of its legal person shares into B stocks has been heralded by market practitioners as a creative solution for the untradable stocks, though most companies may find it is not so easy to follow suit. |
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