Modern corporate system needs improvement
5 months, 3 weeks ago

Modern corporate system needs improvement

China Daily  

MA XUEJING/CHINA DAILY Editor's note: Promoting high-quality development has become the main theme of China's economic and social growth. Efforts should be made to encourage private enterprises to establish a modern corporate governance structure by improving legal person governance, regulating shareholder behavior, strengthening internal oversight and establishing robust risk prevention mechanisms. While a risk-assessment and alarm system should be established to provide early warnings against developments that could seriously harm enterprises' operations and affect social stability, private enterprises should strengthen their risk-prevention and management mechanisms covering areas such as strategic planning, investment and financing, and market operations. Furthermore, in order to build the right environment for promoting globally competitive high-tech innovations, China must adhere to a policy of both "going global" and "bringing in", which would involve expanding scientific and technological exchanges and cooperation with other economies, building mutually beneficial partnerships, and participating in global high-tech governance. It should also improve policies for temporary residence of foreign high-end and professional talents, enhance the permanent residence system for foreigners, as well as increase salaries and benefits, strengthen social security and grant tax incentives to build a globally competitive and attractive environment for overseas scientists working in China.

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History of this topic

Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

The Hangzhou-Taizhou High-Speed Railway in Zhejiang province, China's first high-speed railway controlled by private capital, has proved to be a milestone in the Chinese government's efforts to attract private funding to key infrastructure construction and local transportation development. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is …

Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

Workers lay the track of the Hangzhou-Shaoxing-Taizhou high-speed railway in Wenling, East China's Zhejiang province, on June 22, 2021. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is important to encourage financial institutions to step up support for micro, small and medium-sized enterprises, deepen reform to eliminate …

Private firms getting more policy boost
4 months ago

Private firms getting more policy boost

China Daily  

Workers lay the track of the Hangzhou-Shaoxing-Taizhou high-speed railway in Wenling, East China's Zhejiang province, on June 22, 2021. Noting that some private enterprises have been facing mounting pressures, such as rising production costs and financing difficulties, Zhou said, "It is important to encourage financial institutions to step up support for micro, small and medium-sized enterprises, deepen reform to eliminate …

Modern corporate system needs improvement
5 months, 3 weeks ago

Modern corporate system needs improvement

China Daily  

MA XUEJING/CHINA DAILY Editor's note: Promoting high-quality development has become the main theme of China's economic and social growth. Efforts should be made to encourage private enterprises to establish a modern corporate governance structure by improving legal person governance, regulating shareholder behavior, strengthening internal oversight and establishing robust risk prevention mechanisms. While a risk-assessment and alarm system should be established …

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