金融国资改革探路淡马锡模式

State-owned Asset Reforms and the Temasek Model

淡马锡模式被认为是国资改革中可资参照的经验。本文比较了新加坡淡马锡公司在管理模式方面的特色与三大优势,重点分析了为什么"管资本"模式是金融国企改革较理想的模式。经过对各地金融国企改革进展汇总分析后,本文认为竞争力较强的地方金融国企有望在改革过程中赢得先发优势和规模优势。

Singapore's Temasek investment arm is recognized as a worthy template for China's stateowned asset reforms. This article analyzes the unique features and advantages of this state corporation, and explains why this type of asset management is an ideal model for the reform of China's state-owned companies. By comparing global reform plans, the article concludes that competitive local financial state-owned enterprises are able to gain first-mover advantages and advantages of scale.