The biggest obstacle in China＇s stock market is the problem of its split-share structure. The process of split-share structure reform is a ‘game＇ between tradable share＇s holders and non-tradable share＇s holders. In the game, the two kinds of shareholders bargain on the consideration that non-tradable shareholders should pay to tradable shareholders. In this article, we firstly explained ： what kind of game the reform is, the gains and strategies of the opponents in the game and their influence on average consideration. Secondly, we dug into the negotiation scheme between different kinds of shareholders in split-share structure reform based on game theory and then we did some positivistic research on the effectiveness of the game between different kinds of shareholders. Finally, we analyzed some problems under the network voting system and made our suggestions