Research On The Management Model Of State Special Stock Under The Conditions Of Mixed Reform

The concept of mixed ownership reform was first put forward in the 1990 s.By 2013,the Third Plenary Session of the Eighteenth Central Committee proposed that mixed ownership is an important form of realizing the basic economic system.Although the reform of state-owned enterprises has gone through many reforms before,there are many contradictions and problems in the process of reform,such as unclear property rights of state-owned assets,rigid exercising mode of state-owned shares,because the reform has not started from the ownership structure substantially,the methods adopted are not innovative,and the relevant legal mechanism guarantees have not provided an appropriate reform environment.Such problems as the loss of state-owned assets,the concentration of state-owned enterprises' equity,the strong control of state-owned shareholders,the separation of government and enterprise,and the administrative bias of corporate governance mechanism have seriously hindered the process of mixed reform of state-owned enterprises in China.In the process of vigorously developing mixed ownership economy,we can deepen the reform of state-owned enterprises by exploring the establishment of the management mode of state special shares and improving the structure of state-owned shares.The main structure of this paper is divided into six chapters: Chapter 1,mainly through introducing the background of China's current mixed reform,leads to the significance and importance of exploring the model of the special management unit of the state.In the second chapter,by defining the mixed ownership and the special management unit of the state and the problems in practice,it explains why the special management unit of the state needs to be applied in the reform of the mixed ownership and the advantages of its application.Chapter 3,the exploration of any model needs the support of relevant theories and practical background.On the one hand,this chapter introduces the "contract theory" and "government function theory" to support the rationality of the application of the national special management unit,on the other hand,it introduces the feasibility of the application of the national special management unit through the realistic institutional environment of our country.Chapter IV,the relevant research on the gold share system,one of the models of the special management unit of the state,through the relevant experience of French and Singapore state-owned enterprises in the use of the gold share system,as well as the analysis of precedents and the status quo of the practice of the gold share system,to explore the conditions for the specific application of the gold share system in China.Chapter five,carries on the related research to the other mode of the national special management stocks,the double-tier equity system,from the historical change of the concrete application of the double-tier equity system in the United States and Hong Kong,China,discards the phenomenon,excavates the rationality that it can be applied to the state-owned enterprises of our country,and explores the conditions and limitations of the specific application of the model.Chapter VI,on the basis of summarizing the previous chapters,specifically analyses how to apply the Gold Stock System and the Double-tier Stock Right System under the State Special Management Stock Model,and how to improve the relevant legal provisions and systems in the process of application so as to ensure the better application of the State Special Management Stock System and solve the spear between voting rights and property rights in the decentralization of equity under the mixed reform conditions.Shield makes state-owned enterprises realize privatization better,improve the competitiveness of stateowned enterprises and guarantee national economic security without deviating from the public welfare function and development direction.