People aspects of structural change in the People’s Republic of China

Agenda议程
Global overvIEw of privatization lessons全球企业市场化经验概述
Role of government in transition政府部门在过渡过程中所发挥的作用
Executives and Leadership对高层经理与领导者的激励与约束机制
Long-term Incentives pre-listing公司上市前的长期奖励
Compensation Data薪酬数据
What does it all tell us?结论
Lessons from overseas来自海外的经验
US:美国：
the world’s most advanced, competitive economy - most economic freedom全球最发达、最富竞争力的经济体制：经济自由度最大
virtually no experIEnce with privatization实际上缺乏企业股份化经验
Japan:日本：
culturally, the most similar advanced economy to Japan, but stalled in the modern economy. New hope from market reforms从文化的维度而言，最类似于日本的发达经济，但日本目前处于停滞不前的状态。市场变革带来新的希望
Lessons from overseas来自海外的经验
Western Europe:西欧：
Privatization everywhere, led by UK在英国的带动下，各地都在进行股份化
Different tradition regarding employment截然不同的人员聘用传统
If you create monopolIEs, not much changes若进行垄断，不会出现过多的变革
Competition creates wealth竞争创造财富
Need to break up old industrIEs to create competition需要打破原有的行业格局，促进竞争
Workforces reduced, but socIEty richer人员减少，但社会更加富足
Privatization Transition股份化过渡
Different models:不同的模式：
Partial privatization部分股份化
Full sale全部出售
listing上市
auction (smaller companIEs)拍卖(较小型的公司)
Giving away assets to individuals, eg, Czech Republic, Singapore向个人赠送资产，例如：捷克共和国、新加坡