Research On The Mechanism To Prevent The Loss Of China’s Oversaes State-Owned Assets

Since the Fifth Plenary Session of the15th first put forward the strategy of "going out", has called on the condition of strong Chinese enterprises to actively explore the international market, the focus of China’s opening up gradually shifted from the introduction of foreign capital to actively expand foreign investment. In the21century, especially after China joined the WTO, the "go out" team of Chinese enterprises rapidly expanded and now has turned into the main force, the main force are the state-owned or state-holding enterprises. In the massive "going out" process, the Chinese enterprises are facing increasing risks, all kinds of their own problems also gradually exposed. In recent years the loss of state-owned assets abroad has been more and more serious, the huge loss of China’s overseas investment is shocking. This is not only a serious impact on our economy, while not conducive to China’s "going out" strategy of further implementation. Therefore, how to prevent our country overseas state-owned assets loss is an important issue which needs to be resolved currently.First of all, the paper based on the study of property rights theory, the principal-agent theory, and internal control theory and so on, analyzes the phenomenon of the loss of china’s state-owned overseas assets, emphasizes the seriousness of the things and the practical necessity of the problem. Secondly, by analyzing the patterns of state-owned assets management and related legal systems of other countries, seek for the experience which can help to supervise China’s state-owned overseas assets. Thirdly, by analyzing the "CAO" and "CRC" events, the paper reveals some problems in the supervision system of China’s overseas state-owned assets, and some common problems of China’s enterprise and its overseas sub-enterprises, such as corporate governance not perfect, financial regulation is not in place, lack of risk management etc. Then, the paper explores the substantial causes of the problems from the micro and macro two aspects. Finally, through the analysis and summary, this paper puts forward the loss prevention mechanism of our country overseas state-owned assets.