A Study On3D Regulatory System Building Of Neo-SOEs

New State-Owned Enterprises have distinctive local features which produced in the process of state-owned enterprises reform, the product of gradual reform of economy system. With the process of marketization speeding up in China, the traditional state-owned enterprise continuous deepening the reform in a changing market environment to inspire their vigor. Thus different from the traditional state-owned enterprises which were poor managed, overstaffed, the " new state-owned enterprises " came into being, and played an important role in national economic development. However, due to poorly regulated in recent years, frequent monitoring accidents in new state-owned enterprises have a negative impact on people’s personal and property security. This has gradually been concern in the community. We can found in this article:the lack of multidimensional regulatory system outside of government control is the the main causes of poor regulation. Literature shows that the research from the political, economic, social three dimensions to build systematic regulatory system is still rare, most scholars focus on how to carry on the system construction in one of the dimensions, so the research of the new state-owned enterprise supervision system is urgency and necessity.This research according to the unique environment of Chinese market operation and the supervision of state-owned enterprises, study the properties of the new state-owned enterprises to find out the internal characteristics of the organizations, and according to those characteristics to design new oversight system for state-owned enterprises can enrich and development corporate governance theory. In addition, in the knowledge economy era that state-owned enterprises market-oriented reform to the depth, How to combine problems in the practice, explore the new nature, function and regulation of new state-owned enterprises have important theoretical value in the aspect of improving and enriching theory of state-owned enterprises reform and building state-owned enterprises theory with Chinese characteristics.In addition, this research help to solve many realistic problems existing in the reform of state-owned enterprises, and to improve the regulatory effect of state-owned enterprises. On the one hand, activate the new state-owned enterprise’s economic dynamism, enhancing competitiveness and economic efficiency in the market system; On the other hand, improve the state-owned enterprise’s ability of performing all kinds of political and social duties, avoid all kinds of social evils in the process of operation, complete function and mission of state-owned enterprise. In this paper, a systematic review of relevant literatures about the new regulation of state-owned enterprises has been done, focus on the problem of "how to build a multi-dimensional, multi-agent new oversight system for state-owned enterprises", take new type of state-owned enterprises under the modern enterprise system reform as the main study object. We start from the special nature of the new state-owned enterprises and the composite function construct, and study around the new regulatory system of state-owned enterprises combining with the new generation course of state-owned enterprises course, the mix of economic and non-economic goals and the advantages and disadvantages of government regulation and internal regulation. The main study contains the following five aspects:the nature and functions of the new state-owned enterprises, the composite regulation target system of the new state-owned enterprises, elements of the new regulatory system of state-owned enterprises, the new state-owned enterprises’ supervision mechanism and operation mechanism, the new state-owned enterprise governance experience.According to the research ideas above, this paper and is divided into seven chapters.Chapter one Introduction expounded the background of the research, put forward the core problem, and introduce the main approach to the study. The main research methods about this paper is case study method, and comparative analysis and system dynamics and so on.The second chapter is the literature review and theoretical foundation introduction. Through literature and theoretical research, the author found that although many scholars have discussed the regulatory issues of the new state-owned enterprises but not closely combined with the Chinese scene. The research of "new type of state-owned enterprise" regulatory regime in the field of business management is still mature.Chapter three mainly talk about the definition and the dual nature of the new state-owned enterprises and the analysis of the composite target of its regulatory. Through the analysis of the generation, concept and category of new state-owned enterprises, this part distinguishes the new type of state-owned enterprises from the traditional state-owned enterprises in essence. According to the particularity of new state-owned enterprises, the author elaborated the composite target system of supervision of the new state-owned enterprises which contains three aspects:economic, social and political.Chapter four studies the main elements of the new regulatory system of state-owned enterprises and this section discusses the subjects and the objects of the regulatory regime. This part proposed the main body of the new regulatory regime based on the three-dimensional monitoring mechanism of the new state-owned enterprises.Chapter Five deeply analyzed the three-dimensional monitoring mechanism of the new state-owned enterprises as well as its operation mechanism. This part proposed the regulatory principals and frameworks, such as "three-separate","three-dimension" and "three-pronged". What’s more, in this part, the author further elaborated object-Target running mechanism from three aspects.Chapter VI is the part of case study. Using the multi-faceted analysis of China National Petroleum Group, the author in-depth analyzed the regulatory regime of the new state-owned enterprises which contain three-dimension:the political, economic and social.Chapter VII is the concluding part. The main comprehensive description of the research and related policy recommendations are proposed.This paper build a new type of oversight system for state-owned enterprises, and prove it with the case of PetroChina Company Limited. The innovation of this article in the following respects:Firstly, Put forward the theoretical construct-" three-dimensional regulatory mechanism new state-owned enterprises ". With the background of changing market environment and the transformation and upgrading of state-owned enterprises,"new state-owned enterprise" is the special product of times-such a new organization is new and challenging topic. Traditional state-owned enterprise supervision system can meet the development requirements of the new state-owned enterprises, according to the research of this special historical period, this paper focuses on the theoretical perspective of "three dimensional" regulatory system, through the "government-economy-society " three dimensions, put forward the new theory of regulation of new state-owned enterprises.Secondly, to clarify the dual nature and composite target system of state-owned enterprises. The present study focus on the production, definition, characteristics, classification and economic benefits, lack the deep foundation excavation of the nature, function and value goal. This paper study various roles and their composite function of new state-owned enterprises, clarify the special nature and compound regulatory target system consist of political target, economic target and social target.Thirdly, build three dimensional regulation mechanism model based on "target-object". Existing research focus on state-owned enterprise operators, ignored the combination with important matters and state-owned assets. This paper established regulatory regime target on "people-business-things", Analysis the relationships between those three, unification on the basis of a problem conducive to coordination and dealing with the relationship between those three things, achieve the regulation target of state-owned enterprises, build an analytical framework with the starting point of "object-target". Along with the functions of the service-oriented government, this paper based on the existing framework, that is three levels of state-owned assets supervision and administration commission, state-owned assets holding company (or state-owned assets management co., LTD.), and its subsidiaries, according to the compound multi-dimensional goal that new state-owned enterprises have showed, fully consider the improvement of employees and social public interests, bring enterprise employees and the public should into the state-owned enterprise supervision system, established a new state-owned enterprise three-dimensional regulatory framework constitute of political and financial supervision and moral supervision, to interpret its internal operation mechanism.Through the above research, this paper analyzed and verified the problem of state-owned enterprise supervision system, made a push and innovation on the research angle and content of the previous research, and make up for the deficiency of the existing research and improvement, but, the research about new state-owed firms that difference with the traditional state-owned enterprises have enormous explore space. This article attempts to study the three-dimensional supervision mechanism of new state-owned enterprise, hoping to find the new supervision mechanism of state-owned enterprises, find out new direction for further research, such as empirical test of three-dimensional supervision mechanism, make my own effort for related research.