With the wind of the 15?congress of the Communist Party of China, Guangzhou Chemical Reagent Factory successfully transited a middle-scale state-owned enterprise towards a share-holding cooperative system enterprise in 1999, realizing the completely replace of the state-property rights. In the course of the change the hard problem of the expense setting the retired personnel and excrescent personnel of the factory was solved, insuring that the state-assets were not spilled, the debts were hanged, the on-the-job personnel and retired personnel were set, the government was satisfied, the on-the-job personnel were satisfied. After the change the factory rapidly develop according the rule of the modern enterprise system, realizing tn-win of the government, enterprise and on-the-job personnel, fully imaging the giant action of the productive force liberated by property rights.
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