华为虚拟股的法律分析
Legal Analysis of Huawei Virtual Stock

华为推出的虚拟股是一种对于股权激励的创新型金融产品，赋予了持股员工的分红权和一定程度上的股权增值利益，有机结合了员工、公司双方的利益。在剥离了员工表决权的情况下，它未影响到公司日常的内部决策治理，实现了名义上的公司为全体员工所有，为股权激励制度提供了一个借鉴发展的典范。但是，虚拟股依旧存在着法律性质不清晰、制度规则不透明、员工利益保护缺失、监管规则缺位等诸多法律问题。本文将就上述问题，从性质、传统金融产品的比较、法律关系、风险等方面对虚拟股进行剖析，认为虚拟股是一种新型激励机制，但是法律关系较为复杂。
The virtual stock launched by Huawei is an innovative financial product for equity incentive, which gives the shareholding employees the right to share dividends and to a certain extent equity appreciation benefits, organically combining the interests of both employees and the company. In addition, in the case of the stripping of employees’ voting rights, the daily internal decision-making and governance of the company is not affected, and the company is nominally owned by all employees, providing a model for the development of equity incentive system. However, virtual stock still has many legal problems, such as unclear legal nature, opaque system rules, lack of protection of employees’ inter-ests, and absence of regulatory rules. This article will analyze the virtual shares from the aspects of nature, comparison of traditional financial products, legal relationship, risk, etc., and think that the virtual shares are a new incentive mechanism, but the legal relationship is more complex.