Asset Restructuring And The Development Of Changling Refinery

At the 15th National Congress of the Communist Party of China,the general secretary Jiang Zeming Pointed out "We should combine the reform of State-owned enterprises with their reorganizations,upgrading and better management. Aiming at improving the State sector of the economy as whole,we effectuate a strategic reorganization of state-owned enterprises by managing well large enterprises while relaxing the control over small ones and invigorating them .By using captial as the linkage and relying on the market forces,we shall establish highly competitive large enterprise groups with trans-regional,inter-trade,cross-ownership and trans-national operations".This is one of the strategic major making decisions put forward by the central committee against the current situation of the socialism market economy in China.Actually,it also specified a way on how to manage well State-owned economy-promote the readjustment of the State-owned economic structure by reorganizing the State-owned assets;well executing the State-owned economy integrally by optimizing State-owned economic structure. Then,what is the theoretical basis of the major policy decision above mentioned?Furthermore,this paper analyzed the operation of assets reorganization, business reorganization and organization restructure of Changling Petrochemical CO.,LTD,and give suggestions on the future development of Changling Petrochemical CO.,LTD.