The current reform of the rural collective property rights system is carried out around the establishment and operation of new rural collective economic organizations. Collective operational assets shareholding cooperation, as a key task of reform, is “embedded” in the governance structure of rural collective economic organizations, and the carriers of shareholding cooperation, namely shareholding economic cooperatives themselves, are characterized as the rural collective economic organizations and thus become the main bodies exercising the ownership of all collective assets. Because of this “embedded” model, the core function of rural collective economic organizations exercising collective land ownership is “obscured” by the halo effect of collective operational asset shareholding cooperation, and as a result, collective land ownership is shareholding cooperated in a converted way, and rural collective economic organizations fall into management dilemmas. The strategy to alleviate these difficulties is to transform the model of shareholding cooperation of collective operational assets from the “embedded” one to an “external” one, so that the carriers of shareholding cooperation exist as legal person enterprises funded by rural collective economic organizations, rather than rural collective economic organizations themselves. This “external” model can effectively overcome the drawbacks of the “embedded” model, help rural collective economic organizations to return to their core functions, and be conducive to fully releasing the vitality of collective operational assets, thus is the best choice for both fairness and efficiency. |