A Study On Authorised Management Of The State-owned Assets

As a socialistic country, China has a large quantity of the state-owned asset. Most of them exist in the state-owned enterprise. The Chinese government always attaches great importance to increasing the yield of the State-owned Asset and creating conditions for establishing modern corporate governance.Theory of authorised management of the state-owned assets has been raised and put into practice for a long time, but there is still much difference before establising a canonical and scientific management mechanism of the state-owned assets. The proplem is, now, China has entered WTO, there must be no delay for the state-owned enterprises to be reorganized and corporatized. Otherwise, China will lose her last chance to develop the state-owned assets.The paper analyses the problems of present authorised management system about the state-owned assets. According to the theory of the authorised management, the paper raises the new system that adopts to the socialism market economy.In foreword, based on the macroeconomic background of the study, a comprehensive overview of theory of authorised management of the state-owned assets has been developed. Then, the whole paper mainly includes three chapters as follows:Chapter 1 begins with the difficulty which the state-owned enterprises faced during operation and introduction of authorised management of the state-owned assets. Then it goes on showing the development course of its theory and practice, especially identifying three different model ofauthorised management of the state-owned assets. Furthermore, it forcus on four key questions: law status, authorised model, assessing system, incentive and restriction.Chapter 2 is a case analysis for authorised management of the state-owned assets of the Fujian Construction Engineering (Group) Corporation (FCEC). FCEC is a large state-owned enterprise engaging in diversified business which began reform of authorised management of the state-owned assets in 1996 as the first experimental unit. Now FCEC has gained great success. From FCEC's success, we can draw the conclusion that theory of authorised management of the state-owned assets is feasible and necessary.Chapter 3 deals with policy study on authorised management of the state-owned assets. According to the above analysis of the theory and practice, aimming at the present status, the paper brings forward policy suggestion form the following four aspects: organizing and implement of authorised management of the state-owned assets, assessing guideline of the management performance, effective incentive and restriction mechanism and supervising system after authorised management.