Evolution Of State-owned Property Rights Principal-agent Relationship And Innovation Of The State-owned Assets Management System

Reforms of state-owned assets management system is a key point of the report of the 16th national congress of the CPC. With the improvement of the reform, it will be a hot issue in the study of economic reform. According to the principal-agent theory, state-owned assets can't be run by the national people. The agency structure of state-owned property rights experienced with regular changes.On the statement and evaluation of the evolution of state-owned property rights principal-agent relationship, this paper proposes a series of improving state-owned assets management system. Shanghai&Shenzhen model is the most universal at present.It has the most characters of socialist market economy, but it appears problems in practical application. As a administration organization, national assets supervise and administrate committee can't run according to economic rules. It manages operations of management assets and un-management assets. One way to solve these problems is to classify the state-owned assets and manage relatively. This can define operation goals and responsibilities of different enterprises.