Independent Petrochemical Companies The Main And Auxiliary Industry To Optimize The Design

The Du petrol Chemical Co. Ltd. of the China Petroleum is a large state-owned enterprise, which changed its operational mechanism in 2000 and carried out the separation of the host and auxiliary work. But the relationship of them is very complex and indistinct, which brought much trouble for respective operations of the host and auxiliary work.Aiming at the situation, this paper analyzed their respective operational situations and the present relational operation of the host and auxiliary work. By the firm boundary theory, the relationship between the firms and the market and the theory of the state-owned nature, and based on the main principle of setting up the internal and external market mechanism of the firms, this paper put forwards that the state-owned enterprise should carry out the division form to the host operations and make the main work of the host operations as the sole subsidiary-as the cost center, and make the subordinate work as the profit centre. Then, the firm can carry out the flexible capital control forms, i.e. the stock ownership operation from many aspects, so the enterprise can activate its capital from the utmost. As to the operational reciprocation of the host and the auxiliary work, in view of all kinds of factors, the firm should make the standard market mechanism as its operational principle. As the auxiliary work, the firm should take the incompact operational forms, i.e., the group companies, whose internal functions can be handed over to the government. Some excellent capitalsof the operational entity should adopt many property rights as operational focus, and the inferior capitals should be removed from the mechanism. This paper proposed the feasible settlement modes for the further improvement and the development between the host and the auxiliary work after their separation.