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e current and future years to assess the impact. Namely: a variety of different scenarios for the future, including the market environment, economic environment, the market is facing pressure reduction and to assess the possible consequences for the subsequent policy response to recommendations made.
First, China's A-share market, starting with the reduction of restricted shares lifted Overview of
(A) the temporal characteristics of ban
Figure 1 "size limit" conditions yearly ban list
 
(Two) shareholder structure
For starting the original shareholders of shares, the actual controlling shareholder of the restricted period of 3 years, the general shareholders' lock-up period of 1 year. Since the IPO in June 2005 to June 2006 was stagnant, so you can judge from 2006 to June 2009, the first major original shareholders lifted shares for the general shareholders, and thereafter were mainly limited to major shareholders Offer Shares.
Figure 2 June 2009 to December 2010 various types of restricted shares lifted List
 
Figure 3 January 2011 to December 2012 various types of restricted shares lifted List
 
It can be seen from the above two, the first restricted shares lifted there are several cut-off point, in June 2009 - starting the original lifted shares of major shareholders began large-scale emergence; by the end of 2012, the share reform "cardinal" lifted almost complete.

Figure 4 June 2009 to December 2010 lifted the market value constitutes Figure 5 January 2011 to December 2012 lifted the market value constitutes.
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