The Research Of State-owned Equity Trust System

Our country is a socialist country, the state-owned economy dominates the entire national economy, in order to better achieve the benefits of state-owned enterprises, state-owned enterprises in the four reform and ultimately the demutualization, then transformed into state-owned enterprises with independent personality principal private, state-owned assets into state-owned shares from the exercise of the rights of States at all levels of the SAC on behalf of shareholders, and gradually formed a "nation- state-owned asset management agencies- the state-owned asset management agencies," the three-level authorization management system. This change for increasing the value of state-owned enterprises and scientific management of state-owned assets is a major step forward. However, China has managed equity practice still exists for a strong administrative intervention, the absence of state-owned shares to exercise the body, loss of state assets and other serious problems, and the existing management system similar to the proxy authorization system, can not fundamentally solve the problem, but also the emergence of new credit crisis. Originated in the common law trust system by separating management and ownership, increasing the value of the trust property, the system for solving the problem of state-owned shares has great reference value. This paper aims to introduce commercial trust system, the establishment of state-owned stake in the trust system and constantly improve the system of state-owned stake in supporting the establishment of trustees elected system, select the strength to improve governance and experienced as a trustee of a trust company, through the establishment of the beneficiary derivative litigation, independent professional supervisor system, improve the public system of state-owned Equity Trust, a multi-pronged, comprehensive constraint system function better achieve state-owned stake in the trust.