KEY DEPARMENTS AND THEIR FUNCTIONS

TRANSITIONAL ECONOMY RESEARCH CENTER (http://www.chinareform.org.cn)

The Center consists of 5 operational branches focusing on the research of transitional economies, enterprise reform, Asian economy, rural development and development of Hainan Special Economic Zone respectively. The focus of the Center is policy research on and design of economic reform packages and theoretical research on transitional economy.

Currently, the Research Department is carrying out research on widely recognized and consequential issues, some of which are as follow:

* Implications of China's WTO accession for its reform process
* Creation of competition in infrastructure and public utilities
* Labor property right and employee ownership
* Strategic restructuring of the state sector and employee ownership
* Protection of long-term rural land tenure security and women's land rights
* Framework of transitional economics
* Balanced development of regional economy
* Strategic restructuring of state-owned enterprises
* Promotion of grassroots democracy
* Shareholding-oriented reform of state-owned commercial banks
* Ownership system reform and allocation relationship
* Economic Cooperation in Asia

In addition, the Center has a database on transitional economics, which performs the following functions:

* management of a full-size library
* selection, evaluation, restoration, management and exchange of information
* management of a database on economic transition
* management and maintenance of internal computer network/MIS
* updating, publishing and distributing the brochure and CD-ROM about the institute

HUMAN RESOURCES DEVELOPMENT CENTER (Hainan Int'l Management Center)

The major focus of the Center is to provide training programs on economic system reforms and WTO for relevant government officials at all levels throughout the country and senior management training programs including EP, MBA and DBA for large state-owned enterprises and other industry sectors.

The major activities in recent years have been providing training for relevant government departments, large enterprise groups such as Shanghai Baoshan Iron and Steel Corp., Shanghai Petrochemical Corp., Ltd., China First Auto Group and some key enterprises in Hainan. Over 3,000 people have been trained in economic s
ystem reform and modern enterprise management, in addition to more than 200 MBA students. The subjects of the training programs that are within the capacity of the Center include:

* WTO rules and implications of China's WTO accession on specific sectors
* Establishment and standardized management of the share-holding system
* Macro economic regulation
* Social security system reform
* Enterprise restructuring
* Employee ownership
* Joint DBA programs
* Joint MBA programs in General Strategic Management
* Joint MBA in Tourism Development and Management
* Management credentials training programs for current senior managers from key enterprises in Hainan Province and large state-owned enterprises from other provinces
* English proficiency training programs

BUSINESS CONSULTANCY CENTER (http://www.esop.com.cn)

The Center was formally established in April 2000 and has since then experienced vigorous development. The major focus is to provide consulting services for public as well as private enterprises in areas of employee stock ownership plans (ESOP), management buyout, employee stock option, asset restructuring, corporate strategy planning and management.

Over the past year, the CENTER has been providing services of international standards for business activities such as marketing consultancy for Hainan-based enterprises, operational and managerial consultancy for large state-owned enterprises and partnership building between local enterprises and foreign ones. By August 2001, the Center has successfully completed restructuring plans for over a dozen companies.

The Business Consultancy Center depends largely on its close cooperation with the Transitional Economy Research Center for providing such consulting services. Its consultancy will be further strengthened in the reform of state-owned enterprises and public utilities, capital market fostering and financial institutions regulation so as to offer better consulting services in program design, management and investment, infrastructure and technical assessment, productivity and quality control. The highly qualified consultants are capable of independent feasibility research and cost-benefit analysis for projects.

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