| Comprehensive agricultural development is now a strategic governmental measure to support and protect agriculture industrialization in China as well as in Jilin Province, and it plays an important role in promoting agricultural industrialization and economic restructuring in rural areas, increasing farmers’ income, and improving rural production and living environment. It is an emphatic backup model to use the comprehensive agricultural development fund equity operation for comprehensive agricultural development. Jilin is a big agricultural province in China. It started the comprehensive agricultural development fund equity operation in 2005 as one of the pilot programs firstly approved by the Ministry of Finance to popularize the comprehensive agricultural development fund equity operation. Ever since then, there have been seven participating companies in a total of 10 projects, with a total amount of 201 million yuan of the equity capital from the state and Jilin Province. By the end of 2015, there had been more or less problems to a varied extent in the enterprises involved in the equity operations. This paper attempts to make some in-depth explorations and analyses of the status quo of the enterprises in the comprehensive agricultural development fund equity operations, their economic and social benefits as a result of their operations, etc., identify such problems as unclear property rights, integration of government administration with enterprises, low return on investment, and lack of outstanding effects of the equity operation pilot program, summarize the experience in the equity operations, elaborate on such subjective factors and objective bottlenecks in Jilin Province’s comprehensive agricultural development funds equity management as imperfect corporate system, weakened right of small shareholders to information, lack of funds for project implementation, shareholding enterprises’ lack of awareness of talents recruitment, lack of quality control and technical innovation, system defects, non-standard pilot operation, etc., and make some rational suggestions on capital operation supervision over the enterprises involved in the comprehensive agricultural development fund equity operation for comprehensive agricultural development, timely exit of the equity fund operation, etc. |
