A Study On The Reform Of Monopoly State-owned Enterprise In China’s Oil Industry

The state-owned enterprise, being one of socialist economic characteristics, is in a leading position in China’s economy. In recent years, the research of state-owned monopoly enterprise reform has gradually experienced a transitional process from critical efficiency to the performance of the state-owned enterprise on public social responsibility. The state-owned enterprise has its own distinguished position and function which can’t be privatized blindly. Oil, as an important strategic resource, is an important industry involving people’s livelihood. In line with the12th Five Year Plan (2011-2016), this present thesis, by making a comparison with large foreign oil enterprises, finds that there is a big gap in the aspects of international level, production efficiency and technical innovation ability of the state-owned monopoly enterprise in oil industry. To proceed from the research for the cause of gap, this thesis proposes some problems according to the reform course and current situation of the state-owned monopoly enterprise in oil industry. Those problems are as follows:excessive enterprise concentration, coexistence of economic entrance barriers and institutional progress barriers, single equity, lack of liquidity, unsound government regulation system, overlap of natural monopoly and administrative monopoly, imperfect revenue sharing mechanism, etc. In the end, this thesis makes a summary of the previous reform experiences of state-owned enterprise, and puts forwards five policy suggestions from perspectives of government, market and enterprise considering the particularity of the state-owned monopoly enterprise in the industry of oil and government. The suggestions are as follows:adhere to the leading position of state-owned enterprises, adjust market structure in a planned way, clarify property rights, perfect oil monopoly industry revenue sharing system, deepen industry regulation institutions and policy reform, improve the strength of enterprise itself, lay down and integrate standard legal regulations effectively.