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it will be a very large wealth effect

developed countries in the past century of success, but also part of the explanation of the past three decades China success. However, if the lack of incentive constraints , will lead to justice . Burst . Therefore, in addition to capping executive pay issues to be standardized , it is more important is that we must completely change the SOE governance mechanisms and employment mechanism . Special is that for such as tobacco , oil, electricity and other monopoly industries, civil service pay should refer to management rather than corporate salaries , in line with the reality of competition in the industry . And for those who govern effectively , the competition -oriented , according to market means of recruiting executives , you can decide on their own by the company board of directors remuneration , so that can really crack on SOE remuneration Prisoner's Dilemma . ( Oriental Morning Post column ) Andy Xie, the average state-owned shares to the people , Weiying is more thorough, in addition to come up with recommendations for 40% of state-owned shares of listed companies , and further proposed to almost $ 2 trillion in foreign exchange reserves to come up with half of the points to the people , so that every Chinese people have become holders of U.S. bonds . He is still a pen account: These two add up to a total of 13 trillion , sent to the hands of each person is 10,000 dollars, five homes will be assigned to 50000 , it will be a very large wealth effect .

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