| 摘 要： | State-owned enterprises'(SOE) greater independence from government offices as well as property rights reform have optimized SOEs' shareholding structure. But the reform has to clear several hurdles before it can be fully realized. In 1998, the central government dismantled ministries that had been the direct administrators of large SOEs. Most functions of those ministries were transferred to industry associations. Only a few considered indispensable were taken over by other government offices. The move has pushed forward the SOE reform to some extent. On the other hand, being State-owned, those enterprises have to find new links with the government.
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