Wu Jinglian: It'S Useless Not To Build The System To Restore Market Competitiveness

Wu Jinglian, a leading economist in China and a researcher of the Development Research Center of the State Council, talked about how to reform state-owned enterprises in Zhejiang University on the 3rd. He said that on the one hand, it is necessary to restore the competitiveness of the market and let the market play a decisive role in resource allocation. This is based on the establishment of a unified, open, competitive and orderly market system.

The Third Plenary Session of the 18th CPC Central Committee proposed to actively develop the mixed ownership economy, which is considered to be the main path of the new round of state-owned assets and enterprises reform.

Wu Jinglian introduced the history of the reform of state-owned enterprises. He said that the joint-stock reform of state-owned enterprises was first proposed by several economists around 1984, and by 1993 there had been more research on the company system.

"In 1993, it was proposed that the direction of state-owned enterprise reform is not decentralization, but system innovation, which is the modern company system." Wu Jinglian recalled.

In 1993, China's first Company Law was promulgated. "The core issue of the Company Law has not been clarified - corporate governance," Wu Jinglian said.

"In 1999, two rules were put forward. One was that all companies should establish an effective corporate governance structure, and the other was that mixed ownership should be emphasized, that is, except for a few enterprises that need to be monopolized by the state, they should achieve share diversification." Wu Jinglian said that the reform at that time included three aspects: the separation of government and enterprises, the withdrawal of state-owned capital from competitive sectors Establish an effective corporate governance structure.

"Someone said state-owned enterprise It is superior and efficient. It is the mule or the horse that pulls the mule or the horse out, and you can see immediately that it is the mule or the horse. " Wu Jinglian said.

He proposed to restore the market competitiveness The market should play a decisive role in resource allocation, and the foundation is to establish a unified, open, competitive and orderly market system.

"No matter what you call, you should play a decisive role. If you don't build the system foundation, it is useless to call again." Wu Jinglian said that we should establish a unified, open, competitive and orderly Market system All markets should have four characteristics, namely, they are unified, open, competitive and orderly.