Study On Supervision And Administration Of State-owned Assets Of Enterprises

Successfully progressing of the reform of the state-owned assets supervision and management has great significance for the country's economic and social development, which is not only related to China's future in the next 20 years, but also directly and indirectly determines every citizen's well-being, joy, and pain. The 16th NCCPC and the subsequent each conference have indicated the direction for future reform. But there have been some theoretical and practical problems to be resolved, in particular the problem of practice. We still need a sustained research and exploration on how to turn the principles into operational rules. Based on Marx's theory of ownership, the modern theory of property rights and the principal-agent theory, this essay focuses on the establishment of state-owned provider system through the realization of the"three separation","three combination", and"three unification", and mainly on how to realization of the system of the supervision and management of state-owned assets.The goal of reform of the supervision and management of the state-owned assets is to establish a system of supervision and management of the state-owned assets which is suited to the socialist market economic system, not only ensuring the leading role of state-owned economy but also ensuring the state-owned enterprises of the same efficiency, vigor and the ability to compete with the private enterprises."Shenzhen model"achieved this goal well, providing valuable experience for the reform."Temasek experience"delegated a successful experience of the few countries whose state-owned enterprises did better than private enterprises in the world, which provided operational ideas for the reform.Under the guidance of Marx's theory of ownership, the modern property rights theory and the principal-agent theory, the"16th NCCPC system"is gradually established, which is based on the experience of local pilot and useful international experience. To further improve the"16th NCCPC system"is to really establish the system of state-owned investor in order to prevent risk resulting from the transition, which will resolve the deep-seated contradictions and problems fundamentally. As the representative of the state-owned assets investors, all levels of SASAC need to accurately grasp the functional orientation, follow the regularity of development of enterprises, actively and prudently promote the concrete realization of the"three separation","three combination", and"three unification".