Many projects have been put forward on the state-owned shares decreasing in the coming -into-market companies,whose implement brings great challenge to Chinese corporation law on the institutions of small shareholders'interests protection,corporate governance and transferring restriction of founders' shares.Chinese corporation law should be perfected from three angles,which are establishing systemic institutions of small shareholders'interests protection,enriching corporate governance institutions including the restriction of management control and the organs'change in succession,and broadenin...