Research On The Government's Financial Supervision On Authorized Operation Group Companies

During the course of building group companies based on property rights, authorized operation group companies appeared. It went through two developing stages: In the first stage, the inner property rights relationship of authorized operation group companies was built; In the second stage, the authorized operation group companies developed into the authorized institution of the states, and became the entirety based on the property rights. The thesis researches on authorized operation group companies as the authorized institution of the states.In 1992, the trial of the authorized operation of state-owned assets began in China. Experiencing more than ten years'theoretical and practical exploration, the authorized operation of state-owned assets has deepened and pushed forward separating the government's social economic management from investors management. Through authorization, the group companies have all corporate proprietary and part of investor proprietary, which expands its power. Meanwhile, as the investor and main body of authorization, the government which has the functions of both social economic management and investors management could not really exercise its rights because of its function's intersection. Being short of efficiency supervision, the"insider-controlling"phenomenon arises and the state-owned assets lose seriously. Therefore, making clear the investors'function of State-owned Assets Supervision and Administration Commission (SASAC) on behalf of the state is of important significance to research on the strategy designs of SASAC's financial supervision on authorized operation group companies.SASAC is the investor representative of authorized operation group companies, and the investor's function demands the financial supervision on authorized operation group companies. At the same time, SASAC is also the main body of authorization, and as the authorization body. In order to ensure the right performance of authorization power, it is demanded to make financial supervision on authorized operation group companies.Normative research method is adopted in the thesis. Beginning with the problems appeared in the development of authorized operation group companies, analyzes the necessity of SASAC's financial supervision and thinks that it is helpful for SASAC to exercise its financial function on authorized operation group companies by constructing a framework of SASAC's financial supervision on authorized operation group companies, which is based on the financial relationship between the two units and includes the financial supervision objectives, contents and meanings.