Research team on institutional reform of State-owned assets management, by Fan Baoqun, Institute for Enterprise Research, Development Research Center of the State Council (DRC)

Report No 6, 2015 (Total 4691)

Abstract:

China has had some achievements in its mixed ownership economy but there is still a lot to be done. For example, it needs to be wider and deeper, in addition, many companies that claim to have various owners have not actually changed their systems, and there is no effective flow of State-owned capital.

The mixed-ownership economy is important to realize China's basic economic system and is favorable for capital from different sources to complement each other and work for common development. It is also a major way to deepen the ownership reform of State-owned companies, promote a modern corporate system, realize common development of capital from different ownership, change China's economic strategy layout, and reform State-owned assets management system.

It is suggested that China deepen its State-owned enterprise reform by further deepening mixed ownership with the emphasis on market principles, change of enterprise operations, reform of State-owned assets management system, and better rules and regulations to prevent losses of state assets.