Abstract: The poverty-relief stock is the institutional core of the operation of poverty-alleviation by return on assets, which integrates organically the connotation of capitalization with the form of equity. Relying on poverty-alleviation stocks, a number of regions around the country have achieved the dual goal of ensuring the benefit received by the poor households and promoting the orderly progress of the reform of the rural property rights system. However, quite a number of problems are revealed during the practice of poverty-alleviation stock. Based on the combing of judicial adjudication documents containing poverty-alleviation stocks, this paper clarifies the problems occurred during the operation of the poverty-alleviation stocks. Taking the theory of information asymmetry and the theory of public interest as the deconstruction tool, it regards the following considerations as the institutional response, i.e., strengthening the behavior constraints of the legal stakeholders of the poverty-alleviation stocks, optimizing the content of the rights and obligations of the legal stakeholders of the poverty-alleviation stocks, clarifying the entry and exit criteria of the poverty-alleviation stock platform, and perfecting the rights guarantee paths of the beneficiaries of the poverty-alleviation stocks, so as to achieve a connection of the adaptability and integration of the universality between the targeted poverty reduction strategy and the comprehensive poverty reduction strategy with the help of the poverty-reduction stocks.

Key words: poverty-reduction stock, poverty alleviation by asset gains, information asymmetry, poverty-alleviation stock platform of public interest