What does the shareholding system reform mean?

Joint-stock system reform is a kind of enterprise system reform, which aims to transform the original collective-owned enterprises into joint-stock enterprises. In joint-stock enterprises, the assets of the enterprise are held in a decentralized manner, and the share trading is market-oriented, and shareholders enjoy the profit distribution and decision-making power of the enterprise. This reform can promote the marketization, socialization and specialization of enterprises, thus promoting China's economic development.

The shareholding system reform has many advantages. First of all, turning enterprises into joint-stock enterprises can increase the trust of enterprises and attract more investment and capital inflows. Secondly, joint-stock enterprises completely separate enterprises from society and market, thus standardizing enterprise behavior more effectively and promoting its professional development. Finally, joint-stock enterprises attract and inspire a wider range of investors and greatly broaden the financing channels of enterprises.

There are two main factors to promote China's shareholding system reform: first, the rapid economic development in China makes enterprises need more capital and deeper marketization and internationalization; Second, in China, the increasingly active policy support and attitude of enterprises have also forced more enterprises to choose the shareholding system reform. In a word, the shareholding system reform is an inevitable trend of contemporary China's economic development, and its economic and social effects are expected to be more significant in the future.