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[5月7日]朗润格政China’s SOE Reform: Domestic and International Perspectives
发布日期:2015-04-29 11:59 来源:威尼斯商人在线观看免费
Jointly organized by
The National School of Development, Peking University
&
The Organization of Economic Cooperation and Development
Zhifuxuan Classroom, National School of Development, Peking University
7 May 2015, 8:30-16:00
国内和国际视角下的中国国有企业改革
威尼斯商人在线观看免费、经济合作与发展组织联合举办
地点:威尼斯商人在线观看免费致福轩教室
时间:2015年5月7日8:30-16:00
语言:英语
China is undertaking another wave of state-owned enterprise (SOE) reform. After the first wave of reform in the 1990s, the number of non-financial SOEs in China has been reduced to about 120,000. Most of them belong to 113 large corporate groups managed by the national SASAC (State Assets Supervision and Administration Commission). Although their size of employment is relatively small, SOEs contribute significantly to the national economy, accounting for 30 percent of the country’s industrial value-added. In the financial sector, state-owned banks and other financial institutes maintain a dominant role.
While making a significant contribution to the national economy, Chinese SOEs also face serious problems. The classic problem of soft-budget constraint still prevails. It is much easier for SOEs to obtain capital or bank finance than private firms although SOEs are less efficient than private firms. As a result, private firms have to resort to high-cost finance to sustain their operation. In addition, large SOEs create high entry barriers for private firms and enjoy monopolistic profits. However, wholesale privatisation is an unlikely outcome. It is therefore imperative to find ways to strengthen the efficiency and corporate governance of SOEs.
Moderators:
Mr. Yang Yao, Dean, National School of Development, Peking University,
Mr. Sangkyom Kim, Senior Counsellor, Office of the OECD Secretary General.
Online Registration: http://form.nsd.pku.edu.cn/35/survey/UserData/U150/s1376.aspx