The Research On Financial Supervision Which SASAC Gives To The Solely State-owned Company

During the reforms of State-owned enterprises, the loss of state assets and the phenomena of agent moral hazard still survive. Theoretically, it means the investor's financial supervision is lack of effective constraint. If this problem can't be solved, the reforms of state-owned enterprises can't go well. This dissertation aims at intensifying the financial supervision which SASAC as the investor to the Solely State-owned Company in order to maintain and increase the state-owned property. The detailed research contains:First, discusses the general laws of financial supervision. Analyzes the meaning of financial supervision and distinguishes the financial supervision with accounting supervision.Secondly, researches the meaning of financial supervision which SASAC as the investor gives to the Solely State-owned Company. Explores the main body, content, principle, object and target of the supervision.Then, reaches some conclusions by searching goolge's network database. The invalidation of financial supervision which SASAC as the investor to the Solely State-owned Company mainly find expression in: first, the insider control and agent moral hazard; secondly, the augment of expenditures and the uncontrolled investment, thirdly, the decentralization of financial authority and the distortion of financial information. The reasons for invalidation of financial supervision that SASAC gives to the Solely State-owned Company as follows: corporate governance of the Solely State-owned Company, secondly, the financial supervision system is unreasonable, thirdly, the present administrative construct of SASAC, fourthly, SASAC's function of supervision is weakening. Fifthly, shareholder's agency in the Solely State-owned Company.At last, aims at the above problems, then, puts forward the countermeasures. First, improves the Solely State-owned Company's governance mechanism. Secondly, strengthens the financial supervision which exterior board of supervisors gives to the Solely State-owned Company. The board of supervisors should assess and designs the CFO who should be responsible for the board of supervisors. Thirdly, the SASAC should strengthen the financial supervision to the Solely State-owned Company from the aspects of capital, budget, organizing, personneland system. The administrative procedure of financial supervision can be dividedinto four subjects of financial on different levels; directorate of SASAC------financial committee of SASAC------directorate of the Solely State-owned Company------auditing committee of Solely State-owned Company. Fourthly, strengthens theInternet financial supervision to the Solely State-owned Company. At first, SASAC should constitute the information feedback system that aims at the Solely State-owned Company; next, constitutes the information center of financial supervision which SASAC gives to the Solely State-owned Company. In this part, discusses the action and meaning of constituting the information center, brings forward the mental models which constitute the center, designs the framework and system flow of financial supervision's circuital system.