The Research On Finance Governance Of State-owned Firms

China state-owned firms economy play the dominated role for the development of national economy. Since the beginning of 80s, state-owned firms have experienced a series of reforms. After entering the 21 century, the reform speed of the state—owned firms is getting faster. Although reform measures have got a lot of large achievements, they have never resolved all the problems. Among them, finance problems have seriously bad effect, Such as the major stockholder invading and diverting the fund of listed company, major stockholder cheats the middle and little investors, some firms mislead information , some firms have"internal control"phenomena and so on. Studying reasons for these problems, we need analyze the relations between enterprise finance rights. The thesis thought that low finance governance efficiency is the reason of all of these finance problems. To increase efficiency of finance governance of state-owned firms and to increase up their competence, enterprises should build scientific finance governance system. Thus using finance governance theory to analyze finance problems of state-owned firms is very important.First, the thesis analyzes the main problems currently encountered by stated—owned firms, Then, it points out that the firms should perfect finance governance. The thesis gives the concept of finance governance , and distinguish the concept with finance management and corporate governance and put a good base for analyzation behind.In the paper, we use study method from general study to special study, that is , establishing a frame for finance governance first and using it for analyzing the problems in state-owned firms.The paper builds the frame of finance governance in theory, finance governance system include two components, one is finance governance structure, and the other is finance governance mechanism. the two parts have close relation, they promote and limit each other, both are very important for building finance governance system.Based on the finance governance frame, the thesis analyze the problems in state—owned firms. The paper consider that property rights of state-owned firms is unscientific, the market system and legal system are imperfect. At the same time, the financial governance structure is unscientific , imperfect financial incentive and restrictive mechanism also limit the efficiency of financial governance system .The paper also proposes some measures aiming to perfect the finance governance system of China state—owned firms according these problems. To perfect the financial governance system, we should do a lot, on the one hand, we should promote property rights in state-owned firms. perfect the market system and perfect the legal system, on the other hand, we should ensure the shareholder meetings director board and board of supervisor do well, at the same time ,to ensure the function of finance governance ,enterprise should build scientific financial layered decision mechanism ,incentive and restrictive mechanism.