Research on reform of stateowned enterprise in china---Mainly on its ownership and grouping, corporate-Governance---

我们得到了以下的理解：1。中国国有企业改革的目标是将企业制度从单纯的商号制转变为股份公司制。我国现阶段的国有企业改革已经达到了体制转型重组、国有企业调整三大主体并举、协调推进的阶段。因为改革的主体包含了市场体制最高阶段的内容。国企改革的关键在于能否抑制寻租行为。因此，在进行国有企业所有制改革之前，我们应该建立激励兼容的管理机制，所有权的转让必须在市场化的规则下进行，同时要严格监管。上海成立了国有资产管理委员会和国有资产运营公司，授权企业经营国有资产。上海的三级经营制度极大地促进了上海经济的持续增长，并将深化国有企业和国有资产管理改革。国有资产监督管理委员会面临的主要问题是如何对其庞大的规模进行监管。市场上的资产交易对建立企业集团很重要。然而，这种资产市场在中国还处于建立阶段。因此，新建或更新的商业集团大部分是通过行政管理机构的方式和手段形成的。由于金融体制改革的滞后，我国国有企业改革扭曲严重，国有企业效率低下的问题几乎没有得到解决。为了解决这些问题，中国必须加快金融体制改革。电力企业改革和电力管理监管体制改革都很好地体现了中央政府国企改革政策的反作用。特别是近年来，改革不仅打破了垄断，而且更加注重市场导向。中国纺织工业开始从衰退中复苏，国有纺织企业的繁荣也为其私有化提供了机会。但是，由于当地的国营纺织企业经营状况不佳，无法像以往一样支付私有化的费用。国有企业管理者的人力资本权益适度不完整是合理的，因为他们不是真正的“企业家”。管理者对自身利益权利的非理性追求必然损害国家利益和社会利益。随着人力资本使用权变现的市场化转型，有必要逐步完善国有企业管理者的人力资本权益，“完善”原则包括贡献型分配原则、高效激励原则和有限理性原则。国有企业人力资本劳动者权益具有历史上“不完整”的特点。在转变经营机制的过程中，要保障职工的合法权益。现行政策在保障“下岗职工”权益方面发挥了积极作用，但仍存在各种问题。建议采取六项措施。少

We obtained the following understandings:1.The object of the reform of China's state-owned enterprises(SOEs) is to transform the system of enterprise from the simple firm to the corporate body of the stock company. Today's stage of the reform has reached to promote three subjects, which are system transformation and reorganization, adjustment of SOEs, simultaneously and harmoniously. Because the subject of the reform contains the contents of the highest stage of market system.2.The key of SOEs reform is whether it can restrain the rent-seeking actions. So before we reform the ownership of SOEs, we should build a management mechanism of incentive compatibility, and the transferring of ownership must be under the marketable rules, for the same time, it should be supervised strictly.3.Shanghai has established State-owned Assets Administration Commission and State-owned Assets Operation Corporation, and authorized the enterprises to operate the stated-owned assets. This three-tier operatio … More n system in Shanghai has greatly benefited the continuous growth of Shanghai s economy an it will deepen the reform of SOEs and State-owned assets management.4.The main problem of the State-owned Assets Supervision and Administration Commission (SASAC) is how to supervise its mammoth scale.5. The trade of assets in' the markets are important to build business groups. However, this kind of assets market has been under establishment in China. Therefore, the most part of new or renewal building business groups were formed by the way and the means of administrative bureaus.6.Chinese SOE's reform is distorted considerably and SOE's inefficient problem is not yet solved almost at all by the delay of reform of the financial system. In order to solve these problems, China must accelerate reform of the financial system.7.The reform of the electric power firm, as well as the reform of electric power management supervision system, are well expressing the converse ion of the SOEs reform's policy of central government. Especially in recent years, the reform is going beyond breaking monopoly and getting more market orientation.8.Chinese textile industry started to retrieve from recession, and the prosperity state-owned textile enterprises were also good for the chance of their privatization. However, for the sluggish local state-owned textile enterprises could not pay for privatization cost as same as ever.9.It is rational of being moderately incomplete in the manager's interest rights of human capital in SOEs, since they are not real "entrepreneurs". The manager's irrational pursuit of their interest rights inevitably damages the interests of both the state and society. With the market-oriented transformation of use right realization of human capital, it is necessary to gradually complete the manager's interest rights of human capital in the SOE and the "completing" principles includes contribution-based distribution, efficient motivation and bounded rationality.1O.Worker's interest rights of human capital in SOE are characterized by being historically "incomplete". In their transformation of operational mechanism, it is necessary to protect the worker's legal rights and interests. The present policies have played active role in ensuring the interest rights of "laid-off workers", but various kinds of problems still exist. Six measures are suggested to take. Less