中文版

为什么要解除股权托管？

股权托管，作为公司治理的一种重要形式，曾经在维护股东权益、促进资本市场健康发展方面发挥了积极作用。然而，随着市场环境的变化和企业发展需求的转变，解除股权托管也逐渐成为一些企业的选择。那么，为什么要解除股权托管呢？

首先，解除股权托管有助于提升企业的自主经营权。在股权托管模式下，股东往往通过托管机构行使自己的权利，这在一定程度上限制了企业的自主决策和运营效率。解除股权托管后，企业可以更加灵活地根据自身发展需要和市场变化作出决策，提高经营效率。

其次，解除股权托管可以降低企业运营成本。股权托管机构通常会收取一定的管理费用，这增加了企业的运营成本。解除托管后，企业可以节省这部分费用，将其用于更核心的业务发展，提升竞争力。

此外，解除股权托管还有助于优化公司治理结构。股权托管虽然能够保护中小股东的利益，但也存在着可能引发利益冲突和权力寻租的风险。解除托管后，企业可以通过优化股权结构、完善董事会和监事会等治理机制，建立更加高效、透明的公司治理体系。

综上所述，解除股权托管是企业在市场环境变化和发展需求转变下的一种战略选择。通过提升自主经营权、降低运营成本、优化治理结构，企业可以更好地应对市场挑战，实现持续稳健的发展。

英文版

Why Is It Necessary to Terminate Equity Custody?

Equity custody, as an important form of corporate governance, once played an active role in safeguarding shareholders' rights and promoting the healthy development of the capital market. However, with changes in the market environment and the transformation of enterprise development needs, terminating equity custody has gradually become a choice for some companies. So, why is it necessary to terminate equity custody?

Firstly, terminating equity custody helps enhance the autonomy of enterprises in business operations. Under the equity custody model, shareholders often exercise their rights through custodial institutions, which to some extent restricts the independent decision-making and operational efficiency of enterprises. After terminating equity custody, companies can make decisions more flexibly based on their own development needs and market changes, thus improving operational efficiency.

Secondly, terminating equity custody can reduce the operating costs of enterprises. Custodial institutions usually charge certain management fees, which increase the operating costs of enterprises. After terminating custody, companies can save these costs and use them for more core business development, enhancing their competitiveness.

Moreover, terminating equity custody also helps optimize corporate governance structures. Although equity custody can protect the interests of small and medium shareholders, it also poses risks of potential conflicts of interest and power seeking. After terminating custody, companies can establish a more efficient and transparent corporate governance system by optimizing equity structures, improving governance mechanisms such as the board of directors and the board of supervisors.

In summary, terminating equity custody is a strategic choice for enterprises under the changes in the market environment and the transformation of development needs. By enhancing autonomy in business operations, reducing operating costs, and optimizing governance structures, enterprises can better respond to market challenges and achieve sustained and stable development.