关键词: 混合所有制改革 , PPP , 自然垄断 , 特许经营 , 价格管制

Abstract: Mixed ownership reform is regarded as a dominant approach for Chinas SOE Reform However, there are still a serious question about whether mixed ownership reform can help to increase the value of stateowned asset and whether it can help to promote Chinas sustainable growthBased on an analysis of SOE reform experience over the past 30 years, this paper argues that the mixed ownership reform can be only viewed as intermediate step for the reform of local SOEsFor central SOEs with natural monopolies, China should also draw lessons from the international experiences of regulatory revolutions and begin to set up a competitive market structure in these sectors to provide opportunities for private firms and to consolidate Chinas banking and social security system

Key words: mixed ownership reform , PPP , natural monopoly , franchise , price regulation