New Regulations Album on the Transfer of State-owned Enterprise Property Rights

Author: Legal Publishing House Regulations Center
Publisher:
Publish Date: 2005-04-01
Features: The transfer of state-owned enterprise equity to the management layer has become an implementation form of reform and restructuring in state-owned enterprises. As an exploration in reform, this form has played a positive role in boosting the enthusiasm of management teams. Many small and medium-sized state-owned enterprises have been revitalized and enhanced their core competitiveness through restructuring. The purpose of formulating the "Interim Provisions on the Transfer of State-Owned Enterprise Equity to Management Layers" is to further liberalize and invigorate small and medium-sized state-owned enterprises, ensure the continuous advancement of state-owned enterprise reform, and guarantee that the transfer of state-owned enterprise equity to management layers is conducted in an open, fair, just, and orderly manner.
— Li Rongrong, Director of the State-owned Assets Supervision and Administration Commission (SASAC)
China should continue to adhere to market-oriented reforms. State-owned enterprise reform cannot stop, and major risks in property rights reform must be avoided. What is most important now is the rule of law.
— Wu Jinglian, Renowned Economist