一、国有战略性的有限时间和空间近年来财政保公共财政无力再支撑国企,银行向商业化方向发展,不再发安定团结贷款,计划经济体制下遗留的问题加上改革开放以来积累的新问题不再有政策性因素的遮盖,国企的困难和问题暴露无遗,深层次矛盾也已表面化。国企所面临的困境并非是国企本身发生了什么变化,而主要是宏观环境(买方市场形成,亚洲金融危机影响)和政策环境发生了变化。人们说国企吃了财政吃银行,现在只好吃股民,而随着证券法的出台和股市监控的规范以及股民风险意识的增强,再加上股市长期“低迷”,圈股民的钱也不那么容易了。因此国企改革已逼到了拖不起、无退路的地步,逼到了改革的时间和空间 I. Limited Time and Space for State-owned Strategic Finances In recent years, public finance has failed to support state-owned enterprises and banks in their commercialization. They have no longer settled and secured loans. The problems left over from the planned economic system, combined with the new problems accumulated since the reform and opening up The problem is no longer obscured by policy-related factors. The difficulties and problems of state-owned enterprises are exposed, and deep-seated contradictions have also been surfaced. The dilemma faced by state-owned enterprises is not the change in the state-owned enterprises themselves, but mainly the changes in the macroeconomic environment (the formation of the buyer’s market, the Asian financial crisis) and the policy environment. People said that State-owned enterprises ate financial banks, and now they only had to eat their stocks. With the promulgation of the Securities Law and the norms of stock market monitoring and the increased risk awareness of investors, coupled with the long-term “downturn” in the stock market, Easy Therefore, the reform of state-owned enterprises has forced the point of no delay and no retreat, which has forced the time and space for reform