化公为私 meaning in English
turn public property into private property; embezzle public property; appropriate public property
Examples
- In 2004 , langxianping professor denounces severely many chinese enterprise leaders used the opportunity “ appropriate public property to private ” taking advantage of the state - owned enterprise reform , embezzles the national capital , has initiated the big discussion which reforms about the state - owned enterprise , since has pulled open china to enter the network time first time about the reform question social big discussion
2004年,郎咸平教授痛斥许多中国企业领导人借国企改革之机大肆“化公为私” ,侵吞国资,引发了关于国企改革的大讨论,拉开了中国进入网络时代以来第一次关于改革问题的社会性大讨论。 - The owner can not exercise direct function but through layers of principal - agent , operators engaged in searching for agents to operate state - owned assets . because the property rights ownership of the state - owned assets is not clear , the principal - agent mechanism is more complexity to be operated effectively , and it is more difficult to supervise and operate the assets than private ownership . the author find that the defects of property rights ownership and principal - agent mechanism are the root cause leading to the loss of state - owned assets through analyzing the channels of the loss of state - owned assets
首先,我国的国有资产所有权主体不明晰,国有经济所有权天然虚置,直接导致所有权对企业经营决策的软约束,造成国有资产使用效率不高,并存在大量化公为私、非法侵占国有资产的现象;其次,国有资产的委托代理机制不完善:国有资产的委托代理具有明显的行政性,而且委托? ?代理链过长,公司治理结构不完善,也缺乏健全的激励约束机制;第三,原有的“统一所有,分级管理”的国有资产管理体制存在突出弊端。