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The Relationship Between the Chinese Government and Corporatised Enterprises in the Current Transition Period

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  • Wei-qi Cheng

Abstract

Although many state-owned enterprises (SOEs) have been converted to limited liability companies or joint stock companies either wholly state-owned or in mixed state-private ownership form, many problems still exist. One of the reasons is that state shares and legal-person shares which account for more than 50 percent in a corporatised enterprise are not tradable on the stock exchange without the government's permission. This article discusses this and other issues concerning state-owned corporatised enterprises from the angle of SOE reform history and the relationship with the Chinese government at different reform stages. Attention is focused on the state assets management system and the roles of state assets representatives, as well as on some policy issues behind the piecemeal reforms.

Suggested Citation

  • Wei-qi Cheng, 2005. "The Relationship Between the Chinese Government and Corporatised Enterprises in the Current Transition Period," Asia Pacific Journal of Public Administration, Taylor & Francis Journals, vol. 27(2), pages 117-139, December.
    • Handle: RePEc:taf:rapaxx:v:27:y:2005:i:2:p:117-139
    DOI: 10.1080/23276665.2005.10779304
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    References listed on IDEAS

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    1. Granick, David, 1990. "Chinese State Enterprises," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226305882, September.
    2. Perotti, Enrico C. & Laixiang, Sun & Zou, Liang, "undated". "State-Owned versus Township and Village Enterprises in China," WIDER Working Papers 295476, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    3. Enrico C Perotti & Laixiang Sun & Liang Zou, 1999. "State-Owned versus Township and Village Enterprises in China*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 41(2-3), pages 151-179, September.
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    Cited by:

    1. Xia, Chengqi & Li, Xinge & Cao, Shixiong, 2023. "Challenges for the government-controlled higher education system in China," International Journal of Educational Development, Elsevier, vol. 97(C).

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