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The Institutional Foundation and Major Tasks of State-Owned Enterprises’ Reform(No. 151, 2017)


By Xiang Anbo, Enterprise Research Institute, DRC

Research Report No. 151, 2017 (Total. 5226) 2017-11-15

Abstract: A new round reform of state-owned enterprises (SOEs) needs to adapt to the new economic environment that has undergone major changes. The reform should be based on the “three favorables” (i.e. (whether it could promote the growth of the productive forces, increase the overall strength of the state and raise the people’s living standards), take the improvement of overall efficiency of national economy and national competitiveness as the goal, and focus on improving the state-owned capital efficiency and enhancing the vitality of SOEs in constructing an economy with mutual improvement and coordinated development for both SOEs and private enterprises. To achieve this goal, the new round of reform of SOEs needs to construct a systematic-based and well-defined state ownership system in order to provide a solid institutional basis for deepening the reform of SOEs. Based on the strategic foundation, the experience of mixed ownership pilot reform is promoting the work of other areas, and enables the mixed ownership reform of SOEs to transform the management mechanism. To make the state-owned capital become stronger, efforts need to be made to increase the proceeds of state-owned capital, promote the ability of capital management, and improve the management system of state-owned capital based on capital management, which are the major tasks for deepening the reform of SOEs.

Key words: state-owned enterprise reform, state-owned capital management system, mixed ownership