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Title: Toward ";the Modern Corporation";: Recent Developments in the Institutional Reform of State-Owned Enterprises in Mainland China
Authors: Smyth, Russell
Keywords: economic reforms;state-owned enterprise reform;the CCP's Fifteenth Congress
Date: 1998-08
Issue Date: 2016-10-04 17:28:55 (UTC+8)
Abstract: At the Chinese Communist Party's (CCP's) Fifteenth Congress, held in September 1997, the Central Committee endorsed both the corporatization of large state-owned enterprises (SOEs) and the restructuring of small SOEs and decided to step up the speed of reforms. The central component of the government's reform program is ”zhuada, fangxiao” (”grasping the big, enlivening the small”). First, the government is creating a number of large enterprises and enterprise groups through encouraging mergers in strategic sectors. Second, it is encouraging small and medium-sized SOEs to experiment with ownership reform. The aim of this paper is to review these recent initiatives and evaluate the problems still confronting state- sector reform. Within this general framework, a specific objective of the paper is to provide information on recent developments in areas (such as bankruptcies, mergers, and shareholding reform) where the government is experimenting with new institutional forms.
Relation: Issues & Studies,34(8),102-131
Data Type: article
Appears in Collections:[Issues & Studies] 期刊論文

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