财政投资效率与国有资产循环调整机制研究

20035May,20031105AcademicExchangeSerialNo.110No.5(,621000)[](),,()20,(),,,(CWPTS)[];;;CWPTS[]F810.45;276.1[]A[]1000-8284(2003)05-0063-06,()()COMPARATIVEECONOMICSYSTEM:ADecision-MakingApproach:(1)(),,;(2);(3);(4);(5);(6);(7),;(8)[1],,,(),,,,,,,,(),()(),,,[]2003-02-16[](1957-),,,,36,,:,,,,[2]WTO,,,[3],,(),,;(),(),()(),;,20,,,WTO20(),,20,,,:(1),,(),,(2),,20%6(1060%)(3),,70%,30%;(),()(),(),,()(1),,(),(,,)(2),,,46,,,(),(),,:(1),();;(2),(,),();(3),(,,);(4),,,,,,10,,,[4],,,,(),(capitalsworthpreservetrusteeshiptosecedeCWPTS)()CWPTSCWPTS,,,,1.CWPTS,,,(1),,(),,,,,,(2)(),,(),,,,,2.CWPTS,,56,,(),,3.CWPTS,,(20),,CWPTS()CWPTS1.(1),,(2),(),2.()(10%),(),,(90)(),,,(),(),,,3.,(1),(2)(3),,,(4),,,4.,(1)1),;2),;3),,;4)(2)(,;,)(3),()5.,()(,,,66,),,()CWPTS(),(1)(),,,,,()(2)(),,,,,;,,(3),,,,,,()CWPTS,()CWPTS(),,()CWPTS,,,,,CWPTS,,,()CWPTS,1.,(),,,,,,2.,,,,,,,,,(),,,,,200120026()(),CWPTS761.(),CWPTS(1)20,,(2),(3),,2.CWPTS(1),,();,,,,(2),,,(3),,,,CWPTS(),,,,(),,,,[][1][].[M].,.:,1986.16.[2]WH,[M].,1971.[3][].[M].:,1996.[4].[N].,2002-07-03.AStudyontheEfficiencyofFinancialInvestmentandtheCircularAdjustmentMechanismofState2ownedAssetsQINGXiang2yang(CollegeofFinanceandEconomics,SouthwesternScienceandTechnologyUniversity,MianyangSichuan621000,China)Abstract:Marketeconomyrequiresstatefinancialactivitiestoplayanexemplaryrolebyinvestingthosepilotindustries(products),andthentoretreatproperlyfromtraditionalindustries,therebyformingasoundinteractionbetweenstate2ownedassetsandfolkfundsandavirtuousdevelopmentmechanismofindustries(products).However,inalmost20yearsreform,state2ownedenterprises(assets)inmarketactivitieshavealwaysbeenplacedinembarrassment,whichmaderatherlowertheefficiencyoffinancialinvestmentthatgovernmentfinanceinputstate2ownedenterprises.Tomaintainandincreasethesefinancialinvestments,andimprovefinancialefficiency,thepaperpro2posesareferencemodelofthevirtuouslycircularmanagementmechanismforstateenterprises2capi2talsworthpreservetrusteeshiptosecede(CWPTS).Keywords:state2ownedassets,efficiencyoffinancialinvestment,state2ownedenterprises,modelofCWPTS:86