Yes, these are three terms: share reform, joint-stock reform and equity reform 1. What do they mean? 2. What are their differences and connections?

Share reform, in short, is to find the balance point of interests through "bargaining" between tradable shareholders and non-tradable shareholders. Enable non-tradable shares to be listed and traded.

Joint-stock system reform is to change non-joint-stock companies into joint-stock companies through the process of changing organizational forms.

Share reform and shareholding system reform are the same meaning.

The process of share reform involves the step of shareholding system reform.