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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2331)	1/1/2004 3:27:54 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's SOE reform focuses on corporate governance ( 2004-01-02 01:33) (Xinhua) The focus of China's reform of state-owned enterprises (SOEs) shifted to corporate governance in 2003, after designating a specified investor representing the rights of state-owned assets. In the past 25 years, China has made unremitting efforts to improve the efficiency of SOEs, including giving SOEs more management decision-making power, contracting with managers to improve their performance, and establishing a modern enterprise system to make SOEs independent players in the market. But it was still difficult in China to set up an adequate framework to handle the relations between rights, duties and interests among the state, the real investors of the SOEs, and managers. As shown by developed market economies, corporate governance is the most effective way to ensure the managers to protect investors ' interests, economists say. China recognized this and stated in 1999 that the core task of the modern enterprise system is to establish corporate governance mechanism. www1.chinadaily.com.cn