The Status Of The Capital Structure Of Governance In China's State-owned Enterprises, Problems And Countermeasures

The administration of the capital structure of state-owned enterpriseof our country has been a dynamic evolution all the time, with the reformof modern enterprise's property relations, the existing capital structure ofstate-owned enterprise has been already unable to meet the needs ofmarket, Administrate the capital structure becomes the most importantthing of the Reform of state-owned enterprises. Our country controlstate-owned enterprise capital structure adopts debt-to-equity, reductionof state-owned stocks, equity, made more or less result in differentperiods successfully, but has not solved serious problem which means " ainsider controls " .This text is analyzing the pluses and minuses of the existingstructural administration way of capital, from the below three reasons :debt on the high side rate of state-owned enterprise, stock right structureout-of-balance, capital structure lack flexibility ,key analysis the severalfactors which influences state-owned enterprise of our country: Plannedeconomic system, country invest capital to be insufficient, enterprise owncapital supplemented in full amount, company's administration structureuncompleted, the assets disposed unreasonable , operation is weak.Based on the above factor, this article uses the real diagnosis and thestandard research, qualitative and the quantitative analysis, the historicalanalysis and the dialectical analysis union research technique, Revolvesthe system factor and capital market to carry on the analysis, and has putforward the thinking managed of distinguishing to the state-ownedenterprise of different situations. The first kind is important trade ofconcerning the national security and lifelines of the national economy andkey field, with competition advantage trade might form leading field ofindustry future. The country should adopt the administration way inwhich the increment capital pour into .The second kind of state-ownedenterprise in order to have stronger competitiveness , adjust betweencentral enterprises , central enterprises and other enterprises , the stockassets visited among enterprises from head to foot, combine throughinside and outside recombinant, optimize state-run capital distributionamong enterprise. The third to fall into serious financial state-run smalland medium-sized enterprises of predicament, country can adopt,liquidate, sell way withdraw directly.