2016 Nobel Laureate in Economic Sciences Oliver Hart will attend SoE Reform Summit Forum

Time: 14:00 May 12th, 2018

Venue: Renmin University of China

Organizer: National Economics Foundation (NEF)

National Academy of Development and Strategy (NADS), Renmin University of China

Topic: Modern Enterprise Theory and China SoE Reform

Topic 1 Corporate Property Rights Theory and Corporate Mergers and Acquisitions

What kind of company should be merged? How to treat the merger and acquisition of Chinese state-owned enterprises from the theory of property rights? Where are the optimal boundaries of state-owned enterprises?

Topic 2 Residual Control Rights and Property Rights Reform of State-owned Enterprises

How does the company's control and income rights match? How to prevent managers who have control from stealing corporate income? Starting from China's practice, how to solve the issue of incentives for managers of state-owned enterprises?

Topic 3 Optimal bankruptcy procedures and debt-to-equity swaps

How to solve the free-rider problems that may exist between creditors in the bankruptcy of a company and waste the value of corporate assets? How do you view the two-wave debt-to-equity conversion of state-owned enterprises?

Agenda

Moderator: NIE Huihua, Deputy Dean of NADS, Professor

Speeches

XIA Bin, State Council Counselor and President of NEF

LIU Yuanchun, Vice President of Renmin University of China

Topic Speech

Modern Enterprise Theory and Its Enlightenment to the Reform of China's State-owned Enterprises

By Oliver Hart, Harvard University Professor and 2016 Nobel Laureate in Economic Sciences

Problems, Contradictions and Theoretical Reflections on the Reform of State-owned Enterprises in China

By CHEN Qingtai, Former Secretary of the Party Group and Deputy Director of Development Research Center of the State Council

Roundtable Discussion

QIAN Yingyi, Dean of School of Economics and Management of Tsinghua University and Professor

XU Chenggang, Professor of Economics in Cheung Kong Graduate School of Business

YANG Ruilong, Professor of Economics of RUC and former Dean of School of Economics, Renmin University of China

LI Weian, Former President of Tianjin University of Finance and Economics and Professor of Economics

HUANG Qunhui, Director and Researcher of Institute of Industrial Economics, Chinese Academy of Social Sciences

NING Gaoning, Sinochem Group Chairman and Party Secretary