摘要
2016年《民办教育促进法》修正后,如何引导资本市场服务民办高等教育高质量发展值得关注.研究从观念、制度、实践三个维度回顾了我国民办高等教育进入资本市场的准备阶段(1982-2001年)、探索阶段(2002-2015)和发展阶段(2016-);发现其对推动观念转变、拓宽融资渠道、助力优质校集聚和深化体制机制改革有积极影响,但也存在VIE架构风险、资本市场风险、治理风险和办学质量风险等消极影响.进入新发展阶段,应充分认识民办高等教育进入资本市场的新机遇和新挑战;直面民办高等教育进入资本市场问题,加强监管和风险防范;强化公益导向,引导资本市场服务民办高等教育使命实现,彰显高等教育公共性.
Abstract
After the Amendment to the Private Education Promotion Law in 2016,how to guide the capital market to serve the high-quality development of private higher education deserves attention.The study reviews the prepa-ration stage(1982-2001),exploration stage(2002-2015)and development stage(2016-)of China's private higher education's entry into capital market from the dimensions of conception,system and practice;it finds that it has a positive impact on promoting the conceptual change,broadening the financing channels,assisting in the ag-glomeration of high-quality schools and deepening the reform of the system and mechanism,but there are also the risks of VIE structure,capital market risk,governance risk and school quality risk and other negative impacts.En-tering the new development stage,we should fully recognize the new opportunities and challenges of private higher education entering the capital market;facing the problems of private higher education entering the capital market,strengthen supervision and risk prevention;also,the public welfare orientation should be enhanced,guiding the capital market to effectively serve the teaching,scientific research and social service missions of private higher edu-cation to highlight the publicness of higher education.