The Research On Loss Of Stated-owned Asset Of Chinese Electric Power Industry Problem

In our country, the electric power as the basic energy source promotes the economy development, which the impetus has been not substituted. The electric power enterprise is the bellwether of national economy. Electric power industry have lots of stated-owned asset (China have $11 trillion Yuan stated-owned asset, including $8 trillion Yuan management stated-owned asset and electric power industry have $822.55 billion Yuan,about 10.3% from management asset in 2004) so is also focus on stated-owned asset management. But as a basic industry which have a serious problem in loss of stated-owned asset. The Auditor General of China, Mr. Li jinhua has referred a report in the Standing Committee of the National People's Congress tenth conference in June of 2004, which entitle is"pre- national electric power company leaders who were committee economical crime", It said the leaders had some problems in economic, commit crime of money at least $21.14 billion Yuan, including that investment mistake leaded to loss or potential loss $7.84 billion Yuan (because someone leader violated process of decision leaded to loss 32.8 hundred million Yuan, accounts for 42%); Profit and loss not solid 7.8 billion Yuan; The stated-owned asset lost 4.5 billion Yuan; The individual leadership economic crimes is involved in a case the amount 1 billion Yuan. Recently people to electric power staff high salary are whether reasonable, whether the monopoly welfare does corrode the profit and so on to launch the widespread intense discussion. High salary problem relation to how to share the profit in stated company, and how to deal with stated shareholder bonus and which own to some right and so on .So we can found electric power industry have amounts of stated-owned asset but at the same time have a serious problem which through kinds of ways had to lost of great stated-owned asset, we must high regard to this problem. It's time to solve the problem at now, and research how to manage the stated-owned asset. This article wants by the economic, the new system economic, the enterprise to organize theory, public choice theory, information economics to analyze the tool, regards our country at present from brand-new public financial and the stated-owned asset management angle of view the electric power profession reform. Through introduce situation of electric power reform, power company asset structure, analyst the financial report form etc to summary electric power asset. From the massive different cases introduced and in the case analysis the deep level multi- angles analysis electric power profession state asset is changing the system the process, the connection transaction, the host auxiliary divergence, the investment decision-making fault, in office luxurious expense and so on each way massively drains, attempts from the property right system, the company agent aspect and so on to govern the structure, to entrust to carry on the reason analysis. Contrasts overseas to the electric power profession electric power reform and the state asset management pattern, experiences tried to find out suits our country national condition, the promotion electric power profession development state asset management mentality. Finally acts according to the front part reason analysis and the overseas experience summarizes, discussion how strengthens the question which the electric power profession state asset manages solves loss. I hope from strengthens the legislation, the defined property right, the perfect electric power company's internal government organization, according to the electric power profession performance establishment effective drive restraint mechanism entrusts the agent to relate, establishes the state-owned capital management budget, strengthens measure and so on exterior supervising and managing realizes the electric power profession state asset to guarantee the value to rise in value, develops through the competition promotion electric power profession continues for our country national economy harmoniously to develop escorts the escort.