Conclusion

This chapter presents a pivotal conclusion to the discourse on mixed-ownership reform in China’s state-owned enterprises (SOEs). It emphasizes that the essence of mixed-ownership reform lies in property rights reform, advocating for the diversification of investment entities and market-oriented operations through mixed ownership as a transitional strategy. The chapter underscores the necessity of classification reform in tandem with supervisory reforms, advocating for a clear distinction between SOEs aimed at public welfare and those driven by profit objectives. It highlights the Temasek model as an exemplary approach for state capital management, critiques traditional and Huijin models for state asset management, and discusses the differentiation between market-oriented executives and system-inside executives, advocating for a gradual phase-out of the latter to enhance the professional manager system in SOEs.