On the Sources of Managers' Holding Shares in Listed Companies in China

In stock option system it is required that managers hold shares,which has been put into effect in some listed companies in China.However,for the lack of a specified rate on managers' subscription for shares,such companies are badly short of sources of stocks to set up a system of managers' holding shares within the enterprise.The author,therefore,puts forwards a solution to the problem of the sources of shares in three aspects:to increase issues of new shares to the managers;to transform some state-owned corporated shares into circulated ones for the managers to subscribe for them;to re-purchase the circulated shares issued outside the company.