Experience,Objectives and Reform Measures in Building the Modern Corporate System with Chinese Characteristics
The modern corporate system with Chinese characteristics(MCSCC)represents the sinicization of the modern enterprise system.It emerged from the reform of state-owned enterprises(SOEs)and has grown into an essential component of the socialist economic system with Chinese characteristics.This system meets the new requirements for innovation and development within the modern enterprise system in the context of Chinese modernization.In essence,the MCSCC is built on the general theories and practices of modern corporate systems while leveraging the advantages of the socialist system with Chinese characteristics.It is founded on the fundamental premise of the Party's leadership,with high-quality economic development as the core objective,and is realized through a scientific governance structure.Additionally,this system is supported by the integration of the excellent Chinese traditional culture with the basic principles of Marxism.It forms a modern enterprise system characterized by"clear property rights,well-defined responsibilities,separation of government and enterprise functions,and scientific management"across various ownership types,including SOEs and private enterprises.From an evolutionary perspective,the MCSCC originated from the exploration of modern enterprise systems within SOEs and was proposed and continuously refined during the establishment of the basic socialist economic system.Over more than 40 years of development,the construction of the MCSCC has achieved remarkable success.A market structure that supports the common development of various ownership types has been established;a fair market system with Chinese characteristics has been continuously improved;and a modern enterprise system centered on the restructuring of SOEs and the institutionalization of private enterprises has been built.As a result,the development of world-class Chinese enterprises has accelerated.Adhering to the principles of simultaneous creation and elimination,market-oriented reforms,institutional innovation,and problem-oriented approaches,while managing the relationship among reform,development,and stability,is the experience in building the MCSCC.Improving the MCSCC and advancing the process of Chinese modernization,it is essential to take the Party's leadership as the fundamental premise,the advantages of the socialist system with Chinese characteristics as institutional guarantees,high-quality economic development as the core objective,and a scientific governance structure as the means of realization,while sticking to inheritance and innovation throughout the reform process.To achieve this,it is necessary to further strengthen the Party's leadership,especially by deeply integrating it with corporate governance,accelerate the construction of a modern enterprise system that aligns with the basic socialist economic system,implement precise policies tailored to the realities of different types of enterprises,and enhance the environmental infrastructure to ensure the orderly improvement of the MCSCC.
modern corporate system with Chinese characteristicsChinese modernizationexperienceobjectivesreform measures
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