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The main purpose of research is to understand the stock right of China''s Mainland and assign to and put the influence on the capital market of the reform. Because the stock right is divided and put to the future of Chinese capital market it is endangered greatly that there is eight in development, have especially assigned to and put and changed the listed company into the interests conflict body between a shareholder in stock right, but not interests community , damage pricing function of capital market , make Chinese to be capital market impossible to form the assessment criteria and effective incentive mechanism, make the Chinese capital market lose themotive force of development. So, the stock right certainly will have far-reaching influence on management performance of the listed company while dividing the reform of putting, include the theories from economics and law science to explain, valuation system of the market, analysis of general trend of market development, the function of the capital market makes the transition, stock right structure and company are managed , new characteristic of shareholder''s behavior, examine and reveal to incentive mechanism , reveal and transparency in information, regular adjustment of capital market , control power market , financial culture and investment idea ,etc. 11 face.
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