Economic and legal analysis of state-owned assets management based on the global economic crisis

Abstract

The traditional research on the management of state-owned assets is based on two premises: the ownership of state-owned assets by the whole people and the existence of principal-agent relationship. After in-depth analysis, it can be seen that the principal-agent relationship between citizens and the government does not exist, and the relationship between them is more in line with the elements of apparent agency or non cause management, which can be regarded as the relationship of apparent agency or non cause management. State regulation is not only to make up for market defects, but also to correct the mistakes of state regulation in the past. Economic law is the means of legalization of state regulation. Market Regulation, State Direct Investment Management and macro-guidance are the “Three ways of state regulation”, and the corresponding “Three components of economic law system”. For the use and management of state-owned assets, in addition to the managers being able to have higher ideological awareness and self-discipline, there should also be corresponding economic laws that explicitly regulate the management of state-owned assets, ensuring the use of state-owned assets is the purpose of serving the whole people. The World Financial Crisis reminds us of the urgent need to strengthen the legal system of financial supervision, including the supervision of financial innovation, credit supervision, capital liquidity supervision and supervision system.