The traditional ownership structure of state-owned enterprises has the disadvantage of monolithic. Right or wrong? Rationale.

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The realistic choice of the diversification of property rights structure

[Abstract] State-owned enterprises property rights relationship is ambiguous, the key lies in the fact that its property rights subject is in a state of vacuousness, who is the nominal property owner, but no one bears the risk of the property. China's state-owned enterprise reform of the traditional thinking of the fundamental defects, lies in the attempt to bypass the enterprise system innovation, that is, in the case of not give the enterprise to the legal personality and the corresponding legal person property rights, directly between the state and the enterprise to implement the separation of ownership and operation rights. The property right reform of state-owned enterprises is only positioned in the management level of property right clarity, can not solve some of the deep-rooted problems of state-owned enterprises, and thus it is difficult to bring the high efficiency of corporate governance, state-owned enterprise property right reform direction of the re-option should be positioned in the diversification of the property right structure.

One, the diversification of property rights structure is a modern enterprise system transformation of the main direction of development

State-owned enterprise reform has been nearly two decades, but the inefficiency of state-owned enterprises has not been fundamentally solve the problem, which forces people to explore new reform path. While recognizing the achievements of the reform, people have learned the lessons of the past and reflected y on a series of problems exposed by the reform. Through the comparative analysis with the non-state economy and the reference to the foreign modern company system, people finally realized that the inefficient state-owned property rights system seriously hindered the reform process. This is mainly because the state-owned property rights lack of personality carrier, ownership of the right to operate without effective constraints, to the property rights revolution as the core of the new round of enterprise reform, will fundamentally reform the existing property rights system, is a kind of deep-seated property rights changes, the purpose is to establish a "clear property rights, clear responsibilities and powers, separation of government and enterprises, scientific management" as a distinctive feature of the modern enterprise system. The purpose is to establish a modern enterprise system with "clear property rights, clear responsibilities and powers, separation of government and enterprises, scientific management" as a significant feature. The clarity of property rights depends to a large extent on the property rights structure of the enterprise. From the establishment of a modern enterprise system requirements, a single property rights structure must be diversified adjustment, it can be said that the multiple property rights company should be a modern enterprise system for the transformation of the main direction of development.

To reorganize the single property right structure of state-owned enterprises into a diversified property right structure can strengthen the property right structure of state-owned enterprises. The main purpose of the diversification of the property right structure of state-owned enterprises is to try to introduce the legal person property rights and individual property rights with clear property right boundaries within the state-owned property rights, through the power of non-state-owned property rights, in order to strengthen the constraints and supervision of the enterprises. Of course, it is also unscientific to polarize the property right structure of multi-non-state ownership, and there are unsatisfactory places in the actual operation. But we believe that the diversification of property rights structure is a guarantee of the formation of efficient operation mechanism of state-owned enterprises, is the inevitable direction of the restructuring of state-owned enterprises.