State-owned Sme Stock Cooperative System Reform

During the process of strategic arrangement of State Economy, and with the improvement of new technology and new economy, small-and-medium-sized enterprises (SME) have received more and more attention from people. On the one hand, SME provide promotion and stabilization for the development of Economy, and play an important role in absorbing employment, promoting development of economy, satisfying personalized demands, stabilizing society, and so on. On the other hand, SME play a leading role in gradual reform, act as experimental field for cultivating capital market and manager market, and serve as an important support for the successful reform, rapid and stabilizing development of the whole country.Recently joint stock system reform has pervaded the whole nation,which promotes a new turn of system innovation for state-owned SME, and encourags the reform of enterprises and development of national economy. Joint stock system is a new organization form of volunteered eapilal from workers, cooperative work and management, and combining distribution by capital and by labor. This particular principle of joint stock system provides a reference for the reform of state-u\\ned SME. Under this principle, enterprises preserve previous cooperative economy, sliek to the equality rights of workers, avoid the obstacle in their minds, and reduce the cost of" reform. Meanwhile, the whole workers become shareholders through contributing capitals, which not only increase a means of participate distribution through the share of capitals, but also buildup the endeavor and sense of responsibility of labors. The rights mechanism of enterprises changes from the absent ownership and degressive sense of responsibility to the direct accreditation and intendance of owners, and the structure of property rights optimizes.Joint stock system is an exploration in the aspect of reform of enterprise system, promote the reform of state-owned SME, meanwhile, it's also an innovation of our socialized market economy, and plays an important role in the process of development of China market economy. However, it has some flaws in system, so it cannot be applied to all the enterprises and is not the sole direction of enterprises reform. It is in a developing process itself, and the development direction is normative stock system.