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| Author: | Yang, Tianggan |
| Title: | Several issues concerning development of capital market and reform of state-owned enterprises (original in Chinese) |
| Journal: | Special Zone Economy (c)
1998 : 12, p.27 |
| Index terms: | CAPITAL MARKETS PUBLIC CORPORATIONS MANAGEMENT CHINA |
| Language: | chn |
| Abstract: | Joint stock partnership is not suited to large-sized state-owned enterprises. Instead, natural persons should be introduced by taking the forms of business operation by listing and issuing the public shares. In the course of state-owned enterprises' listing, the function of investment bank and fund should be brought into play. The strategic re-organization should be made under the guidance of the state's industrial policy to promote low-efficient enterprises' concentrating towards high efficient ones through such financial operational modes as expanding shares for raising funds, selling stocks, aquisition and merger, debt re-organization, bank ruptcy and settlement. The macro environment and micro basis for development of capital market should be improved too to effectively push forward the reform of state-owned enterprises. |
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