Marxist Theory Of Property Rights And The Reform Of Property Rights Of State-owned Enterprises

Since the reform and opening up, China has being changing from a plannedeconomy to a market economy.As a mainstay of China’s economic development,state-owned enterprises (SOEs) have a high percentage in the national economy andhold the main resources which are related to people’s livelihood, so property rightsreform of SOEs is naturally becoming the center of China’s economic reform. Atpresent, the reform of SOEs has entered a crucial stage and is gradually penetratinginto the area of property rights reform. Now the property rights of SOEs arebecoming clear, and a modern property rights system is established and beingimproved, SOEs are gradually transformed into independent management andself-financing market competitors. With the continuous deepening of the reform ofSOEs, the property rights reform of SOEs will be faced with more complex socialenvironment and development status. In order to make the reform of property rightsof SOEs practical and the system of socialist market economy more perfect, weshould insist Marxism theory of property rights as guiding theory of reforming andfurther deepen the reform of socialist market economic system.Starting from Marxist theory of property rights, this paper makes a review ofthe course of three decades of SOEs reform and states the effects of SOEs reformon China’s social transformation, and then analyzes the necessary of the reform ofproperty rights and constructs the framework of SOEs reform from the micro to themacro level according to the achievements and status quo of SOEs reform during"Twelfth Five-Year Plan”. It states the micro measures of property rights reform andmacro grasp about the building of political and legal environment and then makessome suggestions about deepening reform of SOEs property rights through acombination of government, corporate and market. At the same time, the paperimproves the corporate governance structure through the development of separationof ownership of Marxism and also improves modern property rights system throughreference to the western theory of property rights. Finally, it proposes that theresearch about reform of SOEs should be multi-angle, multi-thinkingmultidisciplinary and Marxist theory of property rights should be enriched anddeveloped during the property rights reform of SOEs.