In 1992 the 14th National Congress of the CPC stipulated that China’s economic reform aimed at establishing a socialist market economy, where enterprises were the market players. Thus, deepening the reform of SOEs and transforming them into true market entities became the central task in the economic reform.

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Institutional Innovation of State-Owned Enterprises and Development of Capital Market

  • Huang Qunhui,
  • Tang Duoduo

摘要

In 1992 the 14th National Congress of the CPC stipulated that China’s economic reform aimed at establishing a socialist market economy, where enterprises were the market players. Thus, deepening the reform of SOEs and transforming them into true market entities became the central task in the economic reform.