Government's Roles In State-Own Corporations Mixed Ownership Reform

The development of mixed ownership economy started in 1999.The 18 th third plenary of the Communist Party of China held in 2013 further pointed out the direction and path for the overall acceleration and quality development of the mixed ownership economy.The reform of mixed ownership in state-owned enterprises is the top priority of the reform of SOEs,and how to accurately locate the role of the Government in it,for the government to better perform its functions in the reform and stop at the power boundary,and effectively achieve "in place without offside",fully utilize the role of the market main body of mixed ownership enterprises,is related to whether the reform of mixed ownership can be orderly,deepened or even related to the ultimate success of reform.It can be seen that it is of great practical significance and strategic significance to study the role of government in the reform of the mixed ownership of state-owned enterprises.Based on the comprehensive exposition of the main points of the theoretical research on the reform of mixed ownership of state-owned enterprises at home and abroad,this paper combs the practice and effect in the historical evolution of the reform of mixed ownership with Guangdong Grand Blasting Company as the research object.This paper makes an in-depth study on the different roles and effects of the government in the reform before and after its reform,points out the noteworthy and urgent problems in the role of the Government in the reform of the mixed ownership of state-owned enterprises,and puts forward some improvement countermeasures.This paper holds that the main consequences of the new round of mixed ownership reform include: the government still dominates the public ownership economy,the government still dominates enterprise development,which leads to the lack of development motivation of enterprises,the Government attaches too much importance to supervision,which leads to the lack of marketization consciousness of state-owned holding enterprises,Government regulators have strict rules on the introduction of equity in state-controlled listed companies,and there are many specific constraints on incentive conditions,prices and quantity,and the approval process for government regulators to implement equity incentives for state-owned enterprises is numerous,and the examination and approval processes are too long,often losing incentive effect.State-owned holding enterprises often face the use of government intervention or abuse of their absolute controlling power by state-controlled large shareholders,while the government lacks effective mechanisms to counterbalance and control shareholders.To solve the above problems and better position the role of the Government and fully utilize the function of the government,this paper puts forward the following countermeasures and suggestions: First,the government realizes the change of role from "regulator" to "service provider",secondly,to realize the change of role from direct regulator to indirect regulator,and thirdly,to realize the change of role from "front" manager to "behind the scenes" manager,and finally,it should make efforts to improve the policies related to the reform of mixed ownership at the local level,and establish a system to ensure the legalization of the role of the Government in the reform of mixed ownership of state-owned enterprises.