PhD Wang Xingchu,A Successful Leader of A High-tech Company Reform

PhD Wang Xingchu was born in 1962. He is the Board Chairman of Shanghai Biotechnology Industrial Garden Coalition Development Co., Ltd. and the General Manager of Shanghai Hua Xin High-Biotechnology Co., Ltd.……     

王峻涛:落魄英雄还是真的勇士

轻松放下8848的王峻涛又在做着6688的电子商务业务,这个“中国电子商务第一人”究竟是“落魄英雄”还是“真的勇士”?     

政府创新补贴、公司高管背景与研发投入——来自我国高科技行业的经验证据

增加高科技公司研发投入是实施好创新驱动发展战略的关键.本文以我国高科技上市公司为样本,基于市场失灵理论、寻租理论和公司资源理论,探讨政府创新补贴的配置状况,并检验其对高科技公司研发投入的影响,以探讨我国科技政策改革的优化路径.研究发现,当公司高管具有研发技术背景或政治关联背景时,高科技公司均可以获得更多创新补贴资源;高管研发技术背景可以有效增加高科技公司研发投入,但政治关联背景无法提升研发投入.进一步分析显示,当公司所处地区的知识产权保护程度越高时,高管研发技术背景对高科技公司研发投入的促进效果更加显著,具有研发技术背景的高管更加注重公司研发投入,而政治关联背景显著地提高了员工冗余程度.可见,通过政治关联获得创新补贴时,公司付出了社会性代价(如超额雇员);高管研发技术背景是高科技公司重要的人力(知识)资本,政府需要引导高科技公司积累人力资本,增加创新投入.     

国有投资公司存在的问题与政策化改革思路

国有投资公司是投资体制改革的产物,对弥补市场缺陷,引导民间投资具有极其重要的作用.我国加入世界贸易组织、深化投融资体制改革、推进国有资产管理体制改革以及政府职能转变,既为国有投资公司改革与发展带来了新的任务和机遇,也带来了新的挑战.我们认为,国有投资公司下一步发展方向面临三种选择:一是继续作为国有投资公司或国有投资控股公司存在;二是在保留国有性质的同时放弃投资功能,逐渐发展成为国有资产经营公司;三是在保留投资功能的同时实行股权多元化,改组成为股份制投资控股公司.从投融资体制改革和政府职能转变的要求来看,下一步继续以国有制存在的国有投资公司必须也只能是政策性投资公司,可赋予其特殊职能,并由政府给予一定的扶持和补贴.     

多阶段项目投资的创业板高科技公司IPO估值研究

针对我国创业板上市的高科技公司价值特征、募股资金投资项目的高风险性及IPO高抑价现象,本文首先以或有期权及无套利规则为基础建立高科技公司多阶段投资项目的复合期权价值评估模型,然后利用蒙特卡罗模拟方法对模型做动态模拟,得到基于实物期权方法的IPO价格,同时考虑到噪声交易,再结合基于噪声动量指数的IPO定价,推导出适合我国创业板高科技公司IPO估值的询价区间,最后进行案例计算及分析.     

对国有专业外贸公司改制工作的思考

改革开放２０外年来,我国的外经贸企业有了很大的变化,成绩是巨大的。但国有外经贸企业的现状仍不心尽人意。本文认为,加强产权制度改革是解决国有外经贸企业深层矛盾的必然选择。外经贸企业改制应注意吸收内部职工持股、与企业组织结构创新相结合、与加强企业内部管理相结合等。     

改革与完善高新技术产业税收政策的理性思考

本文从三个大的方面,比较全面和系统地分析了我国目前针对高新技术产业的税收政策中存在的问题、弊端和矛盾,并相应提出了改革与完善高新技术产业税收政策的若干政策建议及措施。     

ICH,Partner for A Successful Overseas Listing

On April 18, 2007, Yangzijiang Shipbuilding （Holdings） Ltd., one of the leading shipbuilders in China, launched the largest IPO in the last 7 years on the Singapore Exchange Limited （SGX）, Asia＇s first demutualised and integrated securities and derivatives exchange. On the first day of the listing, the share price increased from SBig hitOn April 18,2007,Yangzijiang Shipbuilding(Holdings)Ltd.,one of the leading shipbuilders in China,launched the largest IPO in the last 7 years on the Singapore Exchange Limited(SGX),Asia's first demutualised and integrated securities and derivatives exchange.     

ICH,Partner for A Successful Overseas Listing

Big hit On April 18,2007,Yangzijiang Shipbuilding (Holdings) Ltd.,one of the leading shipbuilders in China,launched the largest IPO in the last 7 years on the Singapore Exchange I.imited (SGX),Asiu's first demutualised and integrated securities and derivatives exchange.On the first day of the listing,the share price increased from S$0.95 to S$1.34 per share;a 41% increase on the first day. Through the successful Singapore listing,ICH Capi- tal,the company's long-term financial advisor,became a familiar name to Chinese people,especially the people in the coastal province of Jiangsu where Yangzijiang Shipbuilding is located.     

国企领导人制度“去行政化”的市场逻辑与改革路径

转型期国企领导人制度行政化的实践弊端日渐显现,已经成为完善国有企业现代企业制度、健全公司法人治理结构的主要掣肘。推行国企领导人制度“去行政化”改革,必须坚持党管干部原则,准确把握“去行政化”的实践要求,处理好增量改革与存量改革的关系,在国企分类管理前提下,逐步建立与社会主义市场体制与现代企业制度相适应,权责明确,能进能出,能上能下,收入能增能减的选人用人新机制。     

王珏对我国经济改革事业的理论贡献

王珏是我国颇有建树、颇有影响的经济学家。第一,他较早地对社会主义经济制度和体制进行反思,提出“社会主义经济是有计划的商品经济和市场调节(即市场经济)”的观点。第二,在改革传统所有制基础理论方面,他提出应当把公有制的性质和具体(实现)形式区别开来以及“股份制的现代企业制度”是国有企业改革的目标等重要观点。第三,他对公有制本身的性质和特征进行深入研究,提出“现代公有制”和“劳动者个人股份所有制”理论。第四,他认为保障和实现劳动者的经济利益是社会主义经济要解决的根本性问题,社会主义应使劳动力资本化,实现“劳者有其股”。第五,在国有经济改革方面,他首先提出“抓大放小”和“国退民进”的宏观改革思路,并把建立“股份制的现代企业制度”作为微观上改革国有企业的总体方向。第六,他还提出经济体制改革三阶段理论,认为社会主义市场经济的最终确立将要经过社会主义与市场经济的初步结合、基本结合和完全结合等三个阶段,这三个阶段的主要任务和目标是改革国有经济、发展民有经济和实现劳动者个人所有的现代公有制经济。     

剪得断理不乱深圳海关关长详解海关加工贸易监管改革

进入夏季后的一个早晨,编辑部的电子邮箱里接到一份来自深圳海关龚正关长的万言书. 虽然本刊第7期曾报道了中国首例保税工厂试行全新"联网监管"模式.但对"联网监管"模式更深层的背景和前景还一片茫然,龚关长提供的论文刚好打开了这个模式崭新的空间,发人深思.在此本刊将龚关长论文中的一些章节和观点刊登出来,以飨读者.     

高新技术企业融资契约研究:一个委托代理的视角

本文利用委托代理理论,以高新技术企业家为研究出发点,对高新技术企业在企业家财富、经营能力等方面分析后认为,高新技术企业在创立新企业时,通过提升技术研究、经营能力等可以增加企业融资的可获得性.     

A Successful Example of South-South Cooperation

The 5th Ministerial Conference of the Forum on China-Africa Cooperation was held on 19th July in 2012 in Beijing.Foreign ministers and ministers responsible for foreign economic cooperation from China and 50 African countries as well as President of the African Union Commission attended the meeting.     

Love,Forgiveness, and Trust: Critical Values of the Modern Leader

In a world that has become increasingly dependent upon employee ownership, commitment, and initiative, organizations need leaders who can inspire their␣employees and motivate them individually. Love, forgiveness, and trust are critical values of today’s organization leaders who are committed to maximizing value for organizations while helping organization members to become their best. We explain the importance of love, forgiveness, and trust in the modern organization and identify 10 commonalities of these virtues.     

Mid-America Parts Company: An E-Commerce Case Study of a Successful International Small-Medium-Sized Enterprise (SME)

ABSTRACT

Mid-America Parts Company (MAPC) is a small U.S. firm located in the Midwest specializing in supplying heavy earthmoving equipment parts worldwide. In the mid-1990s the company began to experience challenges maintaining quality assurance while meeting a broad base of global customer parts needs at a profitable level. In the later half of the 1990s, the company initiated the use of a computer-based system to supply parts more efficiently to their customers. After numerous iterations, in 2000, Mid-America Parts Company finally established a customer data entry system that ensured ease of customer use while maintaining quality assurance. An important outcome of these efforts was enhanced customer relationships. This case study describes the company as it has successfully progressed along that path and identifies current issues yet to be addressed including the networking of both suppliers and customers. This paper includes questions related to reinforcing global customer relationship management (CRM) while pressing for the needs of efficiency gained from advanced computer technology. The information has been collected through site visits (2003 and 2004) in addition to traditional information-gathering methods. Although the company name and names of individuals have been changed, the specifics of the case are true as concerns the actual experience of this small-medium-sized enterprise (SME).     

我国民营科技型中小企业融资问题研究

改革开放以来,民营科技型中小企业在促进我国高新技术产业的形成和发展与刺激经济增长等方面发挥了重要的作用。但目前该类型企业却面临着资金严重不足、融资体系不健全的困难,分析该类型企业的融资现状和问题,提出解决民营科技型中小企业融资问题的基本思路。     

一次成功的人口普查--简述中国第五次全国人口普查的进展

日前,国家统计局发布了<2000年第五次全国人口普查主要数据公报>,这标志着我国第五次人口普查取得了阶段性的、决定性的胜利.普查公报的发表,引起了国内外的广泛关注.     

Liu Xinyuan,Founder of the Company

Liu Xinyuan, Molecular Biologist,was born on November 1927 in Hunan Province, China. He has published more than 280 papers and compiled 8 volumes of Liu Xinyuan‘s collected papers and got more than 30 times different awards, among them, there are many first or second class award,therefore, he was elected as an Academician of Chinese Academy of Science in 1992, as a Foreign Academician of National Academy of Ukraine in 1992, as an Academician of The Third World Academy of Science in 2001. Now he has been laureated three Academicians.……     

Huatai Insurance Company of China,Limited

Huatai Insurance Companyof China, Limited, establishedin Beijing on 29 August, 1996with the approval of the People's Bank of China, is the firstnationwide joint-stock insurance company to specialize inproperty insurance in China.The Company boasts registeredcapital amounting to 1.333 billion RMB, as well as 63 sponsor shareholders covering 24lines of business, most of whichare large-scale powerful andprofitable enterprises or enterprise conglomerates.By centering on efficiencywhile at the…