Economic and Legal Analysis of State-Owned Enterprise Reform

Author: Kang Deguan, Lin Qingmiao
Publisher:
Publish Date: 1998-10-01
Features: The basic viewpoint of this book is that the reform of state-owned enterprises to adapt to the socialist market economy must achieve the dual fulfillment of adhering to state property and ensuring true independence of enterprises. The major theoretical understanding and guiding principles proposed by the 15th National Congress of the Communist Party of China regarding the reform of state-owned enterprises mainly consist of two points: first, adjusting the ownership structure; second, exploring new forms of public ownership. From the perspective of ensuring the overall health of the state-owned economy, implementing a strategy of focusing on small-scale enterprises and expanding the scale of others, while appropriately shortening the front line of the state-owned economy, falls under the former category. However, the state-owned enterprises that are retained must still achieve the "dual fulfillment." If they remain confined to the original concepts of public ownership and the existing specific forms of state ownership, this cannot be achieved. Therefore, it is necessary to systematically update concepts and resolve the complex operational issues in institutional innovation, which falls under the category of exploring new forms of public ownership. Compared to the former, the latter is more challenging and holds greater fundamental significance. The concept and operational chapters of this book are precisely centered around this core theme.