Joint-stock Reform Of State-owned Enterprises In China Equity Management Policy Research

According to the national related stipulation, the state-owned stockholder's rights management content mainly includes: Establishes the state-owned stock file, exercises or the request exercises the state-owned stockholder's rights, gathers state-owned interest, the state-owned stock stockholder's rights increases buys, gives and gives the income the management and so on. The state-owned stockholder's rights management always goal is must promote the state-owned property reasonable disposition, the optimized state-owned property investment structure, enhances the state-owned property operation benefit, finally realizes the state-owned capital guarantees the value increment.This article determination state-owned stockholder's rights management basis is the state-owned stockholder's rights management goal, namely the state-owned capital guarantees the value and the increment. Then revolves the state-owned capital to guarantee the value and to rise in value studies the question which the state-owned stockholder's rights management policy movement aspect exists, and the union property right theory, entrusts stockholder's rights management and so on agent theory rationale to propose the corresponding countermeasure.The first part, carried on the limits to the state-owned stockholder's rights management connotation, from the property right, the state-owned property right, the state-owned stockholder's rights outline guided the state-owned stockholder's rights management scope, the state-owned stockholder's rights management goal as well as the state-owned stockholder's rights management content, thus provided the foundation and the basis for this article proof.The second part, transformed China to the state-owned enterprise joint stock system has the stockholder's rights manages the policy evolution carries on the induction and the analysis, summarized our country state-owned enterprise joint stock system transformation process for following four stages: First stage, 1986-1992 year period seed stage; The second stage, 1993-1996 year period rises suddenly the...