| With the industrialization and urbanization being carried forward, the rural area is confronted with another round of institutional innovation. On the basis of strengthening the family contracting responsibility system, the rural area must break all the limits which restrain the agricultural productivity, and stimulate the public-owned economy in order to reduce the differences between the urban and rural area. The success of that is due to intensifying the reform of property right in rural area. While as the third reform for property right after the land reform and family contracting responsibility, the community stock cooperation is innovative for the present rural area. The community stock cooperation takes the advantages of labor and capital cooperation thus to combine all the labor and capital. This way of reform is practical and positive to reconstruct and optimize the property right in rural area. As a forerunner in Ningbo—a developed coastal city in China, Jiang Dong district has advanced a theory to carry out the reform of community stock cooperation in rural area and is beginning to gain some effects. The implementing of this reform has won a lot of farmers' support because it strengthens the collective economy, safeguards the farmers' interests and stabilizes the society. However, it has still shown some weaknesses when it is put into practice. This research is based on theory of property right and agency and analyzes qualitatively and quantitatively strength and weakness in the practice of Jiangdong community stock cooperation and the similar reform of collective property management in other developed areas, then propose relative solutions. |