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On Private Enterprise Reform, Restructuring And Listing

Posted on:2001-01-17Degree:MasterType:Thesis
Country:ChinaCandidate:T L LiFull Text:PDF
GTID:2206360002951688Subject:MBA
Abstract/Summary:
Analyze situation of reform and development of Chinese economy andprob1ems of non-state owned enterprises, POint out direction of reformand development of non-state owned enterprises, then research for meansand countermeasures of such enterprises for i ts' reform and development.0rigina1itySince beginning of reform of city economy of China, reform of stateenterprises has a1ways been the research center of theoretica1 fie1d ofChina. Thi s paper has first put forward the concept of reform of non-stateowned enterprises and promoted it to the same high or much more degreeof reform of state enterprises. And it has first posed share system,capital reconstruction and going on stock market as the directiun ofreform and deve1opment of these enterprises. MOreover, this paper hasalso expounded new patterns and countermeasures of non-state ownedenterprises for reform of i ts' system, capita1 reconstruct ion and goingon stock market.Train of Thought and StructureReform and development of China ask for non--state owned enterprisesto p1ay a much more important ro1e, but there are too many problems forthese enterprises to function well. So, it's necessary for theseenterprises to reform and do more pioneering work. The certain choiceis tc, cl3oos' iil;lf(' qt'S ten1, cs*r t.': reconG t ruc t ion and golng on q tr\cl.n1arl(et. Rc l:i: i ng tc= ti,. 1, there a re "".- t a i11 pd t t erns and:ount cl meast - -'st o c ii o i c e.Tt1i s papel- llas divided into four parts. Tht l iIS t Dart is i-oreword j'tlLsecond and thJ fd parts are major parts. The fourth part is conc lus 1on.Main ContentDeve loped for near 1y 20 years, non--s ta te ou1led enterpr iscs rtas becomefrom an addi t iona1 part of publ ic ownership economy into an importantorganic part. Non--s tate owned enterpr ises is now an important power topromote development of nat iona 1 economy, re lax pres sure of employmentof ci t ies and rura l labor, and sus ta in local financia1 revenue. 1n future,they wi l l necessari ly and certa in ly be the mos t impoItant force to shoreup the deve l opment of Chinese nat iona 1 economy.But, there are so many problems such as sma1 l scale, s imple--composedproper ty r ight s t ructure, backward admini s tra t ion mechani sm, etc.,exi t ing in such enterpr ises that tl1ey cannot adapt to the requiIementsof modern social ized pIoduct ion and deve1opment of enterprises. It'sillevi tab1e for these enterpri ses to pioneer and make reform.As an advanced, s tandardized and scient if ic cons truct ion pat teIn forenterpr ise and management sys tem, shaIe sys tem is a good medic ine fordiff icul t and compl icated cases of non--state owned enterpr ises.Meanwhi l e, capi ta l recons truc t ion i s a powerful weapon fOI non--s ta teowned enterpri ses to pioneer and deve1op. 1n addi t ion, going on stockmarket is the mos t high--level pat tern foI thi s purpose.There are s ix pat terns of share sys tem for non--s tate owned enterpr isesto choose for reform. To do that, it shou1d be standardized and strivefor accompl ishment wi thout opera t ion aga in, and more a t tent ion shouldbe paid to des ign of shareholder r ight and reform of system.5As for capi ta 1 recons t ruc t ioofe.,tacaQ 4Xe f ive pa t terns for choose, suchas merger & acquis i t ion, shareho 1der r igtit inves tment, capi tal sel 1 ing,shareho1der right transfer, and capita1 exchange, etc. To do it we11,feas ibi 1 ity invest igate and study shou1d be treated wi th specia1r es pec t.According to number of 1 inks, p1aces, the patterns of going on stockmarket can be divided into s ix. Before 1999, indirect1y going on 1 irststock market of China through acquis it ion had been the ma in pa t tern fornon--s tate owned enterprises to go on s tock market. In future, direct 1yor indirect1y going on domestic first stock market and directly onoverseas second amrket sha 11 be the ma in choices. Standardizing sys te...
Keywords/Search Tags:Restructuring
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