Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 30 April 2020
A Brief Analysis of the Reasons and Preventive Measures for the Loss of Assets in China's Mixed-Ownership Reform: The Case of the CITIC Guoan Group in China
Jianyan Huang
Shenzhen University, China
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10.31014/aior.1992.03.02.225
Pages: 617-624
Keywords: State-Owned Enterprises, Reform of Mixed Ownership, Loss of State Assets
Abstract
To establish a perfect socialist market economy system with Chinese characteristics, the reform of mixed ownership of state-owned enterprises has been the general trend. The original intention of the mixed-ownership reform of state-owned enterprises is to reform the disadvantages of the full ownership of state-owned capital, absorb the advantages of private enterprises, realize the purpose of improving the operating conditions of enterprises and improving the efficiency of enterprises, and better serve the Chinese economy. However, in the process of practical operation, the mixed-ownership reform of state-owned enterprises has sometimes become a tool to enrich the pockets of a few people, resulting in serious losses of state-owned assets. It is urgent to establish an effective and feasible reform system to prevent the loss of state-owned assets.
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