To establish a new state-owned assets management regime of " grading ownership " was proposed in the report of the 16th Assembly of the Party, which offers a theoretical breakthrough for quest of socialist public finance with China's characteristic under the fiscal federalism framework. 党的十六大报告提出要建立分级所有的新国有资产管理体制,这就为在财政联邦主义框架下探索有中国特色的社会主义公共财政提供了理论突破。