The Research Of The Management Mode In The Mixed Ownership State-owned Asset Holding Company

The development of mixed ownership economy was proposed on the Third Plenary Session of the eighteenth Congress of the Communist Party of China. This is the heritage of the thoughts of China's economic reform and economic development since the sixteenth Congress of the Communist Party of China. It steps forward along the road of Chinese characteristic socialism. The development of mixed ownership economy, not only is China's economic development and constantly improve the level of demand, but also embodies the important way of the superiority of the socialist system. China's state-owned assets can be divided into two categories, which are non operating state-owned assets and state-owned operating assets. Non-operating state-owned assets is the part of state-owned assets which to ensure the government agencies and institutions of state-owned operate. This part of the assets is usually formed by government procurement. The value of this part of assets will deduce by continuous consumption depreciation, not involved in assets protection and value added. State-owned enterprises are the main existence form of operating state-owned assets. The major target of State owned enterprises is preserving and increasing the value of state-owned assets, in order to achieve the overall strategic goal of economic service in our country, the accumulation of wealth for the country, create value for society. To insure the goal of value added of state-owned assets, the state-owned companies need to achieve the goal in the market environment. That is why the model of state-owned assets management is a very crucial problem. This problem is directly related to whether the state-owned enterprise production and management can be sustained, then affect the operating state-owned assets can realize the preservation and appreciation. From the micro level, state-owned assets management model related to the existence of the state owned enterprises, from the macro perspective, the state-owned assets management mode is the important guarantee of building a socialist society appeared in China's development.On the state-owned assets management mode issues, economists in China have never stopped to study. Since the establishment of the new Chinese, there two kinds of state-owned assets management mode:planned economy management mode for the first30years and market economy management mode for the rest. Before1978, the state-owned assets management mode is in a fully planned economy management mode, when the state owned enterprises in the strict sense is not a complete enterprise. Due to the absence of the external market, all enterprises are more likely workshops of the national which was deemed to be a huge enterprise. The management model of the planned economy was suitable for the economic development level of our country in the early years. It has contributed to the establishment of the first batch of state-owned enterprises and formation of the state-owned assets of new China. As China's economy continues to improve, the individualized demands of people's material needs are needed to be satisfied. The planned economics management mode of state-owned assets gradually changes from the factors that promote the development of the productive forces to the factors that hinder the development of productivity. Therefore, the reformation and innovation of management mode of state-owned assets has become a major issue for the development of the socialist market economy.Since1978, China's state-owned assets management mode continuously changes as our understanding of the market economy gradually deepened? The management mode became more and more suitable for the development level of state-owned assets. From the1"separation of Government and Enterprise","contract system of State-owned enterprise" to the thought of developing the mixed ownership economy which was proposed on the sixteenth Congress of the Communist Party of China, many changes has happened in China's economic development in the past20years Many of those changes are the worth learning experience, at the same time, many problems caused confusion of state owned assets management.The State-owned Assets Supervision and Administration Commission was established in2003. It promoted China's state-owned assets management model to a new stage, Changed the situation that many government departments had the right of supervision but no one take the direct responsibility of Mistaking. From2003to2013ten years, China's economic development level enhances unceasingly, emerging export-oriented economic form. China's state-owned assets management level and profitability is also rising. These are the bonus of state-owned assets management reformation.The strategy of developing the mixed ownership economy was proposed on the Sixteenth Congress of the Communist Party of China. It focused on the micro level. The way of developing the mixed-owner ship economy is absorbing the private capital by the state-owned enterprises; the other way of doing this is reformation of the state-owned enterprise. Those two ways promoted the development of the mixed ownership economy, but it also caused the problem of the loss of state-owned assets and the sale of the state-owned asset in a low price. Aiming at these problems, the eighteenth Congress of the Communist Party of China proposed mixed ownership economy issue, paying more attention to the macro level of mixing between different systems of ownership economy. Strictly speaking, as the owner of state-owned assets, the state must participate in the market competition and the allocation of market resources equally, to eliminate such as "The country back into","the public ownership dislodges private ownership". By doing so, private enterprises will participate in as the equal market entity. The main purpose of this article is that designs the pattern of "Mixed ownership state-owned Asset Holding Companies" for the State-owned asset management mode reformation. In this pattern, the State-owned Asset Supervision and Administration Commission (SASAC) is no longer the superior administrative organ, but the shareholder representing the states. The mixed ownership state-owned Asset Holding Companies is no longer affiliated institutions of the SASAC, completely under the SASAC, but the legal entity of the Modern Corporation with the corporate governance mechanism. With this design, the public ownership and the private ownership will be mixed from the root. It will combine the advantages from not only the public ownership economy but also the private ownership economy; promote the development of China's national economy.The first chapter starts from the meaning of developing the mixed ownership state-owned Asset Holding Companies. The main content involves the review of related documents from China and abroad. The research methods and ideas is put forward in this chapter,, and also the innovation and the deficiency of this article.The second chapter talks about the fundamental concept of mixed ownership economy and the relevant research experiences The research focuses on the theories of mixed ownership economy, state-owned assets, state-owned Asset Holding Companies, enterprise management and the theory of principal agent. At the same time, this chapter talks about the state-owned assets management experience related to France, Japan, USA, Germany, Singapore and other countries. It provides the reference for the innovation of state-owned assets management research in China.The third chapter mainly talks about the main problems of state-owned assets management mode in china. It starts from the process of development and formation of state-owned asset management mode in China. The management model of SASAC is analyzed to clarify the advantages and disadvantages, setting the Objective of the innovation on the state-owned assets management mode.The fourth chapter analyzes the background of developing the mixed ownership economy and build up the pattern of "mixed ownership state-owned asset holding enterprise". Elaborate the favorable conditions for building up the new mode of state-owned asset management, and why the timing for doing the reformation is appropriate.The fifth chapter is the analysis of scheme for the mixed ownership state-owned Asset Holding Companies. The mainly contents are the basic theory, construction principles, applicable scope, ownership structure and the way to build it.The sixth chapter focuses on the internal management mode of mixed ownership state-owned assets company. The definition, decision mechanism system, internal supervision mode and other internal control problems are discussed to clarify how the internal control system works in the mixed ownership state-owned asset holding company.The seventh chapter is from the external supervision point of view to discuss several problems in the pattern designed for mixed ownership state-owned asset holding company. Those problems include setting up the national audit system, the system of independent director and the information disclosure system. The eighth chapter analyzes the reform of administrative system and the legal system for the mixed ownership state-owned asset holding company management mode. It also relates to the equity equal, to demonstrate how to realize the mutual trust from the multiple ownerships.The ninth chapter is the conclusion and prospect. Basing on the new design scheme of the state-owned asset management mode, the application and the development direction of the mixed ownership state owned asset holding company are discussed in this chapter.