The development of Chinese intermediary organizations have
indicated that the more developed the market economy, the more
closely related market entities, the more active the trading
activities and the more requiring for more mature intermediary
organizations. With the improvement of China' s market economy
mechanism, we are sure that intermediary organizations will play
more important roles. They will thus see a bright future. The
development trend of intermediary organizations are summarized
as:
1. Popularization
In China today, popularization of intermediary organizations
also refers to "non-governmentalization" because intermediary
organizations feature their "intermediary roles". For government,
they are not subsidiaries; in stead, they are independent and
represent the interests of all economic entities. While for
enterprises, they are servers and protectors of social interests.
At present, the Chinese government is removing the obstacles in
policies and systems against the development of intermediary
organizations by taking whether they are in favor of the market
economy as the criteria for developing intermediary organizations.
It is predictable that popularization will be the key
characteristic in the development of intermediary
organizations.
2. Marketization
Now that Chinese intermediary organizations are the outcome of
market economy, as long as China never changes its development
direction towards market economy, the marketization trend of
Chinese intermediary organizations will not be changed. From a
higher level, these intermediary organizations are principally
operated under the rules of market economy, but far from perfect.
As for those intermediary organizations under strong influence of
the government, if they fail to transform their operational
mechanism in accordance with the market-oriented requirements and
keep pace with the market economy, they will be washed out of the
tide of market economy.
3. Self-Discipline
Self-discipline is the superior mission confronted with Chinese
intermediary organizations from now on. Particularly, after several
"Intermediary Scandals" at home and abroad, it becomes more
imminent than ever. Self-discipline comes from two aspects. One is
that intermediary organizations should be strict with themselves,
such as making public the affairs and accounting performance and
thoroughly accepting the supervision and inquiry of the mass; it is
important to strengthen the legislation on timely rectification of
ultra vires acts and illegal acts and the punishments to the person
liable. Secondly, tighten up the industrial self-discipline for
intermediary organizations, such as market access, qualification
recognition, qualification verification of the members within the
industry, supervision and evaluation on intermediary behaviors,
punishment to organizations in violation of related laws and
rules.
4. Standardization
From the view of market economy, Chinese intermediary
organizations are late in development compared to Western developed
countries. Under these circumstances, many approaches and
techniques are still in exploration and not well standardized. To
some extent, insufficient standardization is the biggest obstacle
against the exertion of the functions of Chinese intermediary
organizations. In this view, to put more efforts in standardization
is not only the focus for the development of intermediary
organizations in China in the future, but the fundamental
prerequisites for bettering their serving to the market economy.
The standardization ought to start from three aspects. One,
standardize the system construction. It is said that the Chinese
government is formulating laws, rules and regulations for further
regulating intermediary organizations. Second, greatly improve the
quality and professional awareness of the practitioners. To be
frank, China still lags far behind developed countries in this
aspect. Third, quicken the pace to bring into line with the
international practices. When vigorously inviting foreign
intermediary organizations to launch their businesses in China,
China shall take the initiative to create conditions for the
domestic organizations to step out of the country and participate
in international competition from a wider and higher level, so as
to make more contributions to the development of China's market
economy.
(China.org.cn November 7, 2003)
