China's State-Owned Enterprise Reforms and Privatizations (1980-2005)

1. SOE autonomy reforms begin under “reform and opening”

   Jan 1, 1980Labels: State-owned enterprise, Reform and

   • Oxford Academic

2. CCP’s 1984 Decision endorses market mechanisms

   Oct 20, 1984Labels: Chinese Communist, 1984 Decision

   • Beijing Review
   • China org cn

3. First national bankruptcy framework adopted (trial)

   Dec 2, 1986Labels: Bankruptcy Law, State-owned enterprise

   • Columbia JAL
   • Lehman Law

4. Industrial Enterprises Law formalizes SOE legal-person status

   Aug 1, 1988Labels: Industrial Enterprises, State-owned enterprise

   • SPC English

5. Constitution amended to enshrine “socialist market economy”

   Mar 29, 1993Labels: Constitution Amendment, Socialist market

   • NPC Amendment

6. Tax-sharing reform strengthens central fiscal capacity

   Jan 1, 1994Labels: Tax-sharing Reform, Central government

   • Tax sharing

7. Company Law creates corporate forms for SOE restructuring

   Jul 1, 1994Labels: Company Law, Corporatization

   • Company Law

8. Labor Law takes effect amid growing SOE layoffs

   Jan 1, 1995Labels: Labor Law, Laid-off workers

   • Labor Law

9. 15th Party Congress signals major SOE ownership adjustment

   Sep 12, 1997Labels: 15th Party, Chinese Communist

   • CCP 15th
   • China org cn

10. Zhu Rongji launches “three-year” SOE turnaround drive

    Mar 25, 1998Labels: Zhu Rongji, Three-year program

    • Zhu Record

11. CCP issues 1999 decision on SOE reform goals

    Sep 22, 1999Labels: CCP Decision, SOE reform

    • SSE Text
    • China org cn

12. State Council reports improved SOE results after 1999 push

    Jan 25, 2000Labels: State Council, Performance report

    • SETC Report

13. SASAC formed to separate state ownership from administration

    Mar 10, 2003Labels: SASAC, State-owned Assets

    • SASAC
    • China Daily

14. SASAC-era asset supervision supports ongoing restructuring

    Nov 30, 2004Labels: SASAC-era supervision, Asset management

    • SASAC Brief

15. SOE privatization wave slows as governance institutions mature

    Dec 31, 2005Labels: Privatization slow-down, Governance reform

    • SASAC
    • Company Law