Determination of Land Price in the Process of State Enterprise Equitization

Abstract

In line with the process of integrating into the international economy, the country's economic development, improving competitiveness among businesses, mobilizing more capital, innovating management methods, technology, the Party and State have promulgated regulations on equitization of state-owned enterprises. In particular, the determination of the value of land use rights is considered a key issue deciding the process of equitization of state-owned enterprises. The 2013 Land Law stipulates that the determination of land prices for equitized enterprises is carried out according to the process of specific land prices. However, through practice, it can be seen that the determined land price has not yet shown its true value, has not been updated in time according to the market price. Through analyzing a number of limitations, inadequacies, and legal provisions in determining land prices when equitizing state-owned enterprises, this article proposes some solutions and recommendations to improve the land use value.