新中国国有资产管理模式的演变——从全面介入到两权分离

The Evolution of New China's State-owned Assets Management Model——from Comprehensive Intervention to Two Rights Separation

国有资产在新中国的经济发展中一直扮演着重要的角色。从政府直接干预下的国有经济体系的快速构建与不断壮大,到为了实现有效激励而进行的所有者与经营者之间"权"、"利"关系的不断调整,再到所有权与经营权分离后借助于国有资本运营公司实现国有股东的人格化,以市场化而不是行政干预的方式解决两权分离后存在于出资人与经营者之间的委托代理关系,新中国的国有资产管理经历了从直接到间接、从介入到评估、从微观到宏观、从管企业到管资产再到管资本的转变。

State-owned assets have always played an important role in China's economic development. State-owned assets management of New China has experienced changes from direct to indirect,from intervention to assessment,from micro to macro and from manage enterprise to manage assets and then to manage capital,which developed from quick establishment and continuous development of state-owned economic system intervened directly by the government,to constant adjustment of 'right' and 'interest'relations between the owner and operator in order to implement effective incentive,to realise the personification of state-owned shareholders by state-owned capital operating company after the separation of ownership and managerial authority,to solve the principal-agent relations existed between the investor and operator by the market rather than administrative intervention after two rights separation.