Currently, there are deep contradictions in modern enterprise system construction of state-owned enterprises. For example, the management system of state-owned assets is not complete; capital-providers are not on their positions; corporate governance structure is not perfect; state-owned stocks are too huge, etc. All the problems need urgent solutions and constant improvement. The next step is to do well in the following aspects.
I. Further construction and improvement of managing, supervising and operating system of state-owned assets. We should separate the function of macro-management from that of capital-providers, separate the function of departments that directly perform capital-provider's rights from others and hand it to specially organized capital-provider agency of state-owned assets, realizing the unification of managing personnel, affairs and assets. By authorizing to construct state-owned assets operation system, it is helpful to separate the responsibility of management from that of operation on state-owned assets. Capital-provider agency takes the responsibility of managing state-owned assets, in charge of selecting, employing, encouraging and restricting managers. While the authorized enterprises take the responsibility of operation, enjoying part of capital-provider's rights such as investing and decision-making. In this way, rights of state-owned assets could be protected and enterprises' self-governance could be maintained.
II. Improving corporate governance structure and corporate management standard. It is necessary to solve problems such as state-owned stocks being too much and lacking restriction on shareholders. It is important to emphasize on construction of board of directors, which should take in specialists in areas of industry, finance, accounting and law. Also, the board of directors should establish scientific decision-making procedures and strict liability system, with special commissions as consultative agencies. It should be independent of the management level, make its own judgment and decision, supervise and restrict the management level. Also the function of supervisory council should be strengthened. It is necessary to establish corporate governance structure of rights consistent with obligations, harmonious operation and effective balance. China Securities Regulatory Commission and State Economic and Trade Commission put forward Regulations on Listed Company Management, taking it as the main criteria of deciding whether a listed company is of an excellent management structure or not. It is helpful to promote listed companies to improve governance structure and management standard. State Council Securities Commission and State Economic and Trade Commission will perform a thorough examination on listed companies.
III. Seeking after effective measures for successive enterprises' reform and development. Because of heavy historical burdens, most state-owned enterprises carry out separation and reorganization in order to realize the purpose of getting listed on the stock market through putting non-management assets and minor operation into successive enterprises. So they meet much difficulty in existence and development with burden of abundant surplus personnel and carrying out social functions. Therefore, it is urgent for successive enterprises to find out a new way in management system and policies including searching capital ways to solve historical remaining problems.
IV. Strengthening policy researches and providing directions for reforms. Different areas meet many actual problems in reforms, and they are seeking after solutions. However, there exist great difference because of different understandings and operating methods, which does not meet the requirements of the central government. Many problems need further macro-research such as the problem of state-owned enterprises advancing in some areas while retracting in others, that of solving workers' labor relations, that of managers' receiving salary annually and workers' holding stocks. Besides, it is necessary to standardize and direct reforms through enacting certain policies.

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                                                                                                           Reforms on Corporation System