The establishment of collective shares is a focal point in the process of property rights reform within collective economic organizations in rural China.The introduction of collective shares can provide incentives for both internal and external stakeholders,as well as various factors of production,to participate in the collective economy.This alignment of interests with the development needs of the collective economic organization,and helps to resolve the challenges of collective action.Collective shares not only coordinate conflicts of multiple interests but also establish a segmented logic based on the different developmental stages of the collective economic organization.In the context of collective economic property rights reform,where the public welfare fund is increasingly tasked with the provision of public goods,collective shares should adopt an open configuration.This arrangement can integrate external production factors into the collective economic organization,and providing momentum for the development of the collective economy.At the legislative level,the regulations of rural collective economic organizations can set an upper bound on the proportion of collective shares held by members,and establish member shares on this basis.As for whether to establish collective shares and whether members participate in the distribution of collective benefits,it should be decided by the government agency of rural collective economic organizations.
NETL
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