Research On State-Owned Capital Operation Budget Supervision System

State-owned capital operation budget is a significant method for state-owned assets supervision and administration institutions to perform their duties as investors of state-owned assets, an important means to layout the state-owned economy and adjust industrial structure strategically, and also an effective way to examine and appraise the efficiency of state-owned capital operation, while the state-owned capital operation budget supervision system is a necessary part of the state-owned capital operation budget system. Sound State-owned capital operation budget system should include budgeting, implementation, supervision three parts, an effective supervision system is the precondition to ensure the budget preparation and budget execution running correctly, and also provides protection to achieve established goals for the state-owned capital operation budget system. However, China’s state-owned capital operation budget supervision system does not get the attention it deserves, people do not have a comprehensive understanding of budget supervision, budget supervision system has not been established, therefore, it is significant to establish a comprehensive state-owned capital operation budget supervision system.This paper uses normative analysis method to make a preliminary exploration and research on the management of state capital budget supervision system based on principal-agent theory, capital management theory and management control theory, and strive to provide constructive ideas and methods for problems occurred in China’s state-owned capital operation budget. The full text can be divided into five chapters.The first chapter is introduction, it mainly focuses on the background and significance of the thesis, literature review of domestic and foreign state-owned capital operation budget, research framework and methodology, innovation and weaknesses.The second chapter is the theoretical basis to build the supervision system of state-owned capital operation budget, it first introduces basic concepts related to the state-owned capital operation budget supervision system, and then makes a brief introduction of the theoretical basis to build the supervision system of state-owned capital operation budget.The third chapter is practices and revelation of state-owned capital operation budget supervision system at home and abroad, it makes a comparative analysis of the experiences and practices of foreign capital budget supervision system and the domestic state-owned capital operation budget supervision system respectively, and then reveal the revelation to improve the supervision system of state-owned capital operation budget.The fourth chapter is how to build state-owned capital operation budget supervision system, based on the principle of the state-owned capital operation budget supervision, the main duties of supervision, methods of supervision, it puts forward a combination of internal and external supervision of state-owned capital operation budget system and highlights the budget supervisors and means.The fifth chapter is policy recommendations, it puts forward policy recommendations to improve the state-owned capital operation budget supervision system based on the theoretical analysis.The following two aspects are the main innovations:(1)Put forward the budget supervisors and means;(2)Put forward that audit department is responsible for the assessment of state-owned capital operation budget system, and evaluate the "suitability" of the system.