The Research Of Developing And Perfecting A Property Right Transition Market

Property right, with its legal and economic connotation, is required to be clear-cut, transferable and liquid due to its exclusiveness and own structure. Hence, The transaction of property right plays an important role in maximizing its value and optimizing its allocation. No doubt, an open, just, fair, regulated and effective market can both felicitate the transaction and lower the direct and indirect transaction cost. This, Therefore, justifies the urgency of developing and perfecting a property right transition market. Practically, as a crucial component of the multi-layered capital market in the service of socialist market economy, the market propels the construction of modern enterprise system and pluralism of property right, both of which are important for the reform of state-owned enterprises.The construction of the transaction market has taken a tortuous and bumpy road. Sichuan's experience is a miniature of it: the past transient success left us haunting questions and problems. Times and chances call for more rationality and grass-root spirit. In retrospection, pondering over the status quo, and planning the future, we shall contribute a daring research to the development and reform of state-owned enterprises in the context of strategic adjustment of national economy. Thanks to such EMBA courses as management economics, microeconomics, strategic management and marketing management, the dissertation was able to be accomplished on the issue of constructing property right transaction market. In a context of State-owned Enterprise reform, capital market construction, a tentative research has been done in history of status quo of the transaction market, a discussion been rendered and suggestions and methodology been tendered for its perfection.Chapter one, stresses necessity and urgency for the transition market. Pertinent theories and ideas are drawn and applied. Chapter two is woven around the discussion of the general methodology and ideas for the construction and reform of the market.