Study Of Chinese State-owned Holding Listed Companies Optimization

Corporate governance is a set of management and control system for industrial and commercial. The responsibility and rights of each participant of company has been specified in corporate governance structure, such as the board of directors, managers, shareholders and other participant. Since the reform and opening up, our country introduced the modern enterprise management system, the rapid development of the enterprise at the same time, but also because of inadequate governance structure and result in the company’s development is not standardized, and even restrict the long-term development of enterprises. As China’s market economic system continuously improved, state-controlled listing Corporation exposed more and more problems in the governance process, mainly for the functions of the government role positioning is not clear, too much intervention of the state-owned listing Corporation; The separation between controlling shareholders and listing Corporation in personnel, assets, property is not thorough; Listing Corporation decision-making power concentrated too much on the controlling shareholders, leading the company to democratic decision-making, the interests of small and medium-sized investors cannot obtain the effective protection, the medium and small investors could not play the role of supervision and restriction of the company, and the major shareholders damage the interests of small shareholders have occurred; The investors lose confidence because of the disclosure of false information, false profits, serious insider trading etc. Therefore, with the development of society, the social from all workers are more and more attention to the problem of corporate governance. This paper based on the existing corporate governance structure theory and realistic status, focus on study optimization problems of governance structure of state-owned listed holding company.Nowadays, our country socialist market economy system is not perfect, many problems in corporate governance could not rely on the market to regulate, lead to "market failure", so it must be override by the market forces--"visible hand" of the government to rectification of market failure and to provide social order and a good system environment for corporate governance, in another words, the relationship between government governance and corporate governance are inseparable, state-owned listing Corporation is still governance model, the government should actively carry out the owner of state-owned assets of empowerment, play public service function, but also to the full exercise of state-owned asset regulator power, to build up a regulation government, strengthen management the state-owned listing Corporation, including supervision all the company regulation to ensure the safety and efficiency of the state-owned enterprise public assets management.The goal of corporate governance structure optimization is continuously improve development and the efficiency of the state enterprises from a strategic point of view. So that state-owned enterprises take on the responsibility better in the construction of Chinese characteristics socialism. In this paper " Study of Chinese state-owned holding listed Companies optimization " as a topic, trying to based on the corporate governance structure, combined with years of experience working in the state-owned listing Corporation, to explore the problems of the governance structure of state-owned listing Corporation, and analyzes its reason, to find effective measures.