Governance System and the Development of China's State-owned Assets Operating Organizations

State-owned assets operating organizations,as important carriers of China's state-owned economy,play a critical role in the reform of state-owned economy.After years of reform,these organizations have step by step established and improved the corporate governance while they have not yet achieved expected governance performance.Corporate governance relies not only on the theoretical logic induction,but also on system basis.Focusing on the governance system of such organizations in China,this paper first summarizes the working governance models,then analyzes the new corporate governance models by borrowing the research results of western economists on information economics and institution economics such as information,property rights,transaction cost and system development.