Study On State-owned Assets Reporting System Of China

As the second-largest economy and the largest socialist country in the world,the scale of state-owned assets and the proportion of the state-owned economy in our country are unmatched.As an important economic basis for China's economic and social development,state-owned assets play an important role in modernizing our governance system and governance capabilities,developing modern finance and meeting the needs of people's good life.But,for a long time,China's state-owned assets basic management system is not perfect,and state-owned assets are unclear.Studying and promoting the state-owned asset reporting system not only has important theoretical value,but also is an urgent need for practical work.The goal of establishing a state-owned asset reporting system is to fully manage China's state-owned assets and their management,and make good use of state-owned assets through a complete and standardized reporting system.In order to ensure the achievement of the goal,this article has done the following work.Firstly,based on the separability of property rights,this paper analyses the principal-agent relationship of state-owned assets in two levels—state-owned assets ownership uniformity and property right divisions.The principal-agent relationships of operating state-owned assets,administrative state-owned assets and natural resource state-owned assets have been cleared up.Secondly,this paper combs the practical exploration in our country about the state-owned assets report,and summarizes the beneficial practices of foreign countries in reporting the state-owned assets.Finally,this paper has formulated a three-phase roadmap for establishing a state-owned assets reporting system.In the first stage,we need to establish a framework for the state-owned assets reporting system.In the second stage,we need to push the implementation of the state assets reporting system step by step.In the third stage,we need to establish a full-calibre state-owned assets database and information sharing platform to comprehensively utilize state-owned assets data.This article focuses on the first stage and establishes the framework for state-owned assets reporting system by inversely deducing the principal-agent relationship of state-owned assets.The innovation of this paper is to investigate all types of state-owned assets in terms of ownership uniformity and property right divisions.It categorizes and sorts out three types of principal-agent relationship: operating state-owned assets,administrative state-owned assets and natural resource state-owned assets.Based on the above theoretical analysis,this report sets up a state-owned assets reporting system characterized by "combination of the whole and the part,linkage of horizontal and vertical".The report contains comprehensive reports and special reports.In addition,the report also gives recommendations on promoting the state-owned assets reporting system.The deficiencies of this paper lie in the insufficient analysis of the second and third stages.The specific issues in the implementation and using of state-owned asset reporting systems need further study.