The Baotou iron-Steel and Rare Earth Co. is located in Baotou of the AutonomousRegion of Inner Mongolia, where China has her largest mineral reserves of rare earths, par-ticularly that at Baiyunebo. The rare earth res...The Baotou iron-Steel and Rare Earth Co. is located in Baotou of the AutonomousRegion of Inner Mongolia, where China has her largest mineral reserves of rare earths, par-ticularly that at Baiyunebo. The rare earth reserves in this region amount to as high as 80%of that of the whole Nation. The No. 3 Rare Earth Factory was established in 196l and itwas then a pilot plant of the Baotou Steel Works. In 1970 it was reconstructed as a formalplant. Now, it becomes one of the biggest rare earth production bases in China.展开更多
In this paper,it is first briefly described the basic situation and current policies of state owned enterprise reform in China.Then the major issues in the reform process are identified,the possible solutions in term...In this paper,it is first briefly described the basic situation and current policies of state owned enterprise reform in China.Then the major issues in the reform process are identified,the possible solutions in terms of reengineering stock equity structure and state share circulation are discussed,and finally some suggestions are made for the further state owned enterprise reform.Basing on the theory on the modern corporation system,relevant experiences of market economy nations and the practice of Chinese enterprise system reform.The approaches to determine the proportion of state share in the future corporations are proposed.Since the public ownership is not ideologically appropriate,the establishment of social security fund and mutual fund investment companies are suggested as new and acceptable pattern of public ownership.It is believed that these companies will be the major institutional shareholders in the future corporations.Their stock equity structure would mainly consist of institutional shareholders,which will be both consistent with international norms of modern corporations and with socialist public ownership with Chinese characteristics.展开更多
The state-owned enterprises（SOEs） reform in China has plunged into the most urgent stage, and more than 20 years＇ market-oriented reform of SOEs in China seems to have no enough economic efficiency. This paper disc...The state-owned enterprises（SOEs） reform in China has plunged into the most urgent stage, and more than 20 years＇ market-oriented reform of SOEs in China seems to have no enough economic efficiency. This paper discusses some issues concerning corporate governance reform of SOEs in China. In section A, we first analyze the current situation and major issues in corporate governance reform of SOEs in China. In Section B, we discuss how to further reform SOEs＇ corporate governance in China. Final section discusses the possible model of China＇s corporate governance.展开更多
We have reviewed and identified the key problems of China＇s corporate governance. Several suggestions are provided to improve its governance mechanism. A review of corporate governance models among different countrie...We have reviewed and identified the key problems of China＇s corporate governance. Several suggestions are provided to improve its governance mechanism. A review of corporate governance models among different countries suggests that the state ownership of the Chinese companies should be reduced and shares that are split into tradable and nontradable shares should be abolished. The three-tier board structure and duty of directors should be restructured to improve transparency and disclosure requirements.展开更多
文摘The Baotou iron-Steel and Rare Earth Co. is located in Baotou of the AutonomousRegion of Inner Mongolia, where China has her largest mineral reserves of rare earths, par-ticularly that at Baiyunebo. The rare earth reserves in this region amount to as high as 80%of that of the whole Nation. The No. 3 Rare Earth Factory was established in 196l and itwas then a pilot plant of the Baotou Steel Works. In 1970 it was reconstructed as a formalplant. Now, it becomes one of the biggest rare earth production bases in China.
基金Supported by National Natural Science Foundation of China(No.79770 0 63)
文摘In this paper,it is first briefly described the basic situation and current policies of state owned enterprise reform in China.Then the major issues in the reform process are identified,the possible solutions in terms of reengineering stock equity structure and state share circulation are discussed,and finally some suggestions are made for the further state owned enterprise reform.Basing on the theory on the modern corporation system,relevant experiences of market economy nations and the practice of Chinese enterprise system reform.The approaches to determine the proportion of state share in the future corporations are proposed.Since the public ownership is not ideologically appropriate,the establishment of social security fund and mutual fund investment companies are suggested as new and acceptable pattern of public ownership.It is believed that these companies will be the major institutional shareholders in the future corporations.Their stock equity structure would mainly consist of institutional shareholders,which will be both consistent with international norms of modern corporations and with socialist public ownership with Chinese characteristics.
基金This research is supported by National Natural Science Foundation of China （NSFC）, and its approval number is 70121001. We are very thankful for Prof Youmin Xi＇s help.
文摘The state-owned enterprises（SOEs） reform in China has plunged into the most urgent stage, and more than 20 years＇ market-oriented reform of SOEs in China seems to have no enough economic efficiency. This paper discusses some issues concerning corporate governance reform of SOEs in China. In section A, we first analyze the current situation and major issues in corporate governance reform of SOEs in China. In Section B, we discuss how to further reform SOEs＇ corporate governance in China. Final section discusses the possible model of China＇s corporate governance.
文摘We have reviewed and identified the key problems of China＇s corporate governance. Several suggestions are provided to improve its governance mechanism. A review of corporate governance models among different countries suggests that the state ownership of the Chinese companies should be reduced and shares that are split into tradable and nontradable shares should be abolished. The three-tier board structure and duty of directors should be restructured to improve transparency and disclosure requirements.
