Perfect Of China’s State-owned Assets Management System

Since late1970s, China’s economic reform has been more than a quarter of century,along with the development of the whole society change and the rise and fall of twists andturns. However, whether climax or downs, promoting the economic market is throughout thegeneral orientation, and with the passage of time, it highlights its leading position. In thisgradual reform process, China has formed the complex and varied ownership form(state-owned, collective, private, foreign and other patterns of ownership), and enterpriseorganization form (including enterprise owned by the whole people, limited liability company,joint stock limited companies, such as the multi-level form of business organization), whichare the macro context and micro structure in our country at present stage of economicdevelopment.Although in the decades of reform, the government has been making efforts to boost thestate-owned assets into an either advance or retreat station, optimize the economic layout andstructure, and deepen the reform of the state-owned enterprises,"a huge number ofstate-owned assets" and "excessive proportion of state-owned economy" are still two big"national conditions" in China. How to manage the large scale of the astonishing state-ownedassets and make state-owned economy play the role of macro guidance and regulation andcontrol, and "make bigger and stronger" the carrier of the state-owned assets--the state-ownedenterprises, has become the major issue in China’s economic reform and development.China’s state-owned assets management consistently use government administrativemeans in the process, with "the visible hand" commanding and helping the development ofstate-owned enterprises. With the backing of the government, the state-owned enterprises canquickly "make it bigger" in the short run, part of the state-owned assets can also "keep valueand add value" on the surface, but since this is an immediate request of short-term action, itsdevelopment is often at the price of sustainable development of the economy. The publicpower of government over penetrates actually damage the market rules of naturalself-discipline and spontaneity. The efficient way in the short term often becomes the barrierof development in the long term.Therefore, Singapore Temasek mode of the "positive shareholders "and" a arm’s length "can be used for reference when we are dealing problems of the role, power, right boundary and goal orientation with the government and related state-owned asset managementinstitution. This thesis makes a compare and analyze the successful experience of efficientmanagement model of state-owned assets in Singapore Temasek, whose cultural backgroundis of the most similar to ours, and on this basis put forward several suggestions to perfect thestate-owned assets management system in China.This thesis is divided into seven parts: the first part is introduction, including theresearch background and purpose, the literature review, the place of innovation etc.; Thesecond part is the definition of related concept, which mainly introduces the implication of thestate-owned assets, the state-owned asset management, state-owned assets managementsystem, and other related concept; The third part is the present situation and the existingproblems of China’s state-owned assets management system, stating the main existingproblems in China’s state-owned assets management at the present stage, i.e., unreasonablelayout of state-owned assets, overall operation level is not high, integration of governmentadministration with assets has not yet been settled; The fourth part is the cause of theproblems in China’s state-owned assets management system, and analyzes in-depth of thecause of China’s state-owned assets management problems--the property right relations arenot clear is being the main reason;The fifth part is temasek mode and its successfulexperience, summarizing the temasek mode of the management of state-owned assets inSingapore, and analyzing its way to success; The sixth part is to rediscover the stateownership, putting forward that the property of the state is with a "public" attribute, and theownership of the state-owned assets management is aiming at enhancing the whole societywelfare, and "keep value and add value" is of the means to achieve the purpose; Part seven areSuggestions for China’s state-owned assets management system improvement, combiningwith the front statements, thus putting forward some Suggestions for China’s state-ownedassets management system improvement.