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

Journal of Economics and Business

ISSN 2615-3726 (Online)

ISSN 2621-5667 (Print)

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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