China's State-owned Enterprise Managers Stock Options System

It is very significant to set up and amplify the administrator's encouragement and restriction mechanism for advancing SOE reform and development. The best system to encourage human capital owners effectively and enduringly is to let human capital owners and monetary capital owners share the ownership of enterprise. As the main form of western corporates to encourage and restrict their managers enduringly, since the ESOs were introduced to china, they have become a hot topic of our SOEs reform. They are growing to an important part of the encouragement and restriction mechanism of our SOEs step by step.There are five parts. The first is mainly about the research background of ESOs of our SOEs. The second part is about the ESOs and the rights to share enterprises' surplus. The third part is about the basic theories and procedures of western ESOs and the enlightenment to our SOEs reform. The fourth part is about the implementing of ESOs in our SOEs and the existing problems. The last part is about the paths to perfect ESOs of our SOEs.The research methods of combining theories and practices and combining referring and innovating are used. Based on the study of theories and practices of ESOs of western enterprises and our SOEs, the paths to perfect ESOs are put forward.