Public-private Partnership After The Historic Turning Point Of The Enterprise System

New china was founded in the l 950s.By the severe impact of international and domestic situation,and a strong party and the government to promote the role of political power,China'S enterprise institution completed transition which is not difficult with unexpected speed.This article tries to use public—private enterprise institution in China after a historic turning point for the theme,using of original historical materials and related documents,applying modem theory and institutional economics as the principal method.Using Shanghai industrial and commercial enterprises as the case,tO research the following three area:tirst,the public.Private enterprise property rights,second,governance structure and then enterprise business and to show the Economic performance because of the public—private enterprise transitionAfter public—private,the company transferred ownership to the public from the private side square,public square with the cornpany from the ownership,management rights and contr01.Multi—level corporate governance institutions to implement the agency system and the use of incentives motivate top-down strategy of the enterprise management,public—private partnership working,both sidcs committed to the development of enterprises.Business in the production,supplN financial management and financial supervision and SO are achievements,particularly banks,as a third pany to supervise the production and operation enterprises,to some extent regulate the operation and management of public—private partnerships.On the distribution of income mainly wages and benefits,changes in earnings distribution,especially for fixed income allocation of this surplus in a special form of in—depth study shows the superiority of the public-private enterprises in the income distribution.In short,the public-private partnerships,firms in all respects diffirent from the private economy to establish a set period of enterprise systems. In a word,the public—private partnerships,along with the enterprise system had a historic turning point,it caused a series of changes.New political framework for public and private power in the public square the final game.highlighted the strong weakening of the executive power of the capital under the domination of the rit extreme.Enterprise institution transfe~ed with a full range of smooth and improved the economic performance of enterprises.Highly centralized planned economic system formation and development,making Shanghai'S social and political ecology in the new environment,began its new round of growth and development.