The Study Of Corporate Governance On Chinese Listed Corporations

Securities market's two primary functions are resource collocation and system innovation. While China is still being in the shunt economy period, it is of great strategical significance to bring into play the function of system innovation. But in fact, the stated-owned listed corporations seem to be wild about raising money and neglect the system innovation function of Securities market. There are too many problems in corporate governance. Though these stated-owned listed corporations all have issued stocks, they have not converted running mechanism practically. The significance ofresearch of corporate governance on Chinese listed corporations is exactly in here.There is a great deal of data and literature about corporate governance and the study of corporate governance on Chinese listed corporations can touch upon many aspects. If one doesn't make a choice and cannot find out a cut-in point accurately, the paper will seems to talk in generalities andcannot work out any innovation. The cut-in point in my paper(it is also one of the innovations in my paper) lies in: I have cited two plutonomy glossaries, and bring forward such a viewpoint that corporate governance isa superstructure, so it is chiefly rested with the economy basis------corporations' property right structure. I think, the most essential reason which conduces so many problems in Chinese listed corporations is that these corporations' stock structure was set inconsequently.Based on above-mentioned viewpoint and cognition, my paper discussed the problems existing in Chinese listed corporations, analysed and studied the reasons from the angle of the evolved process from financing system reform of stated-owned enterprises to developing Chinese securities market. Having finding out the most essential reason which conduces so many problems in Chinese listed corporations, then combined with the comparison and analysis of international patterns of corporate governance, I bring forward my countermeasures and advice to improve on the corporate governance of Chinese listed corporations.