... 法定筹备金 required reserves;reserve requirement 监犯股 institutional shares 监犯股东 institutional shareholders ...
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A typical listed company in China has several types of share outstanding: (i) common shares that are only tradable on stock exchanges, (ii) restricted institutional shares (RIS) that are not tradable and can only be transferred privately or through irregularly scheduled auctions, and (iii) state shares that are only transferable privately.
中国股票市场存在约占总股本三分之二不能流通的国家股和法人股，这类在沪深交易所上市的公司，其非流通A股股权相对集中，通常拥有控制权，但却不能上市流通，也不能公开征集受让。
参考来源 - 从流动性和控制权分析非流通股折价的原因及对公司治理的影响·2,447,543篇论文数据，部分数据来源于NoteExpress
There are now dozens of “dark pools” of liquidity, in which banks and institutional investors anonymously trade large blocks of shares.
现在有许多提供流动性的“黑池”，在里面银行和机构投资者匿名交易大宗股票。
Private and institutional shareholders are angry because the deal ignores their pre-emption rights – they should have first refusal on any new shares issued – and would dilute their stakes.
私人和机构股东之所以愤怒，是因为这笔交易无视他们的优先购买权----任何新股份发行，他们都应该有第一承购权，----并且降低了他们的持股比例。
Despite this heady figure, the tranche of shares being marketed to institutional investors is over eight times oversubscribed; the one for individuals, almost 30 times.
除了这个令人兴奋的数字，针对机构投资者发行的那部分股票得到了超过8倍的认购，而针对个人的则超过了30倍。
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