Conventional State Asset Management

This chapter provides a comprehensive analysis of the management and reform challenges of state-owned assets in China, with a nuanced exploration of the mixed-ownership reform efforts. It offers an in-depth discussion on the difficulties of asset management, investment obstacles, and governance issues within the state-owned enterprise (SOE) sector. The narrative meticulously examines the systemic issues that arise from the overlap between governmental oversight and business operations, efforts to delineate SOEs’ core business scopes, and the intricate legal and regulatory frameworks that oversee state asset management. Furthermore, it evaluates the effectiveness of governance structures, the impact of governmental interference on corporate performance, and the alignment with market dynamics. The chapter also highlights the strategic attempts to reform SOEs, navigating between state control and market mechanisms, and contemplates the broader implications for China's economic reform trajectory.