State-owned Sme Joint-stock Reform Model Research

In the report of the 15th national congress of the Communist Party of China, it is pointed out that joint stock system is one of the effective forms of realizing public ownership. As an effective property right system, joint stock system can not only raise efficiency of micro-economy but is favorable to State-owned enterprises in different aspects such as developing science and technology, promoting shift of management system, rationally utilizing and optimizing distribution of productive resources and arousing productive enthusiasm of mass. The present state-owned small and medium-sized enterprises were generally set up under the system of planned economy. Without having established genuine modern enterprise system, they are now unable to be a dominant part of the competitive market and due to poor capital operation they are in a production-stopping or half-stopping state resulting from vagueness of property right of enterprises and lack of management decision making power. So to reform joint stock system of the small and medium-sized enterprises of our country is now the main means to entricate such enterprises from a predicament. Beginning with analysis of the reforming course of our State-owned enterprises in Yueyang city, the thesis covers a study of some models of reformation of joint stock system and a discussion of related polices that affect the reforming of joint stock system of enterprises. It also puts forward a suggestion that appropriate joint system models of reformation should be chosen by State-owned enterprises according to situations.