| 30 years after reform and opening-up, China’s state-owned enterprises have experienced a series of reforms, the current economy has entered a phase of the socialist market economic system, by along with China’s economy has been rapid development, public economy also showed unprecedented vigor. Currently, the main state-owned shares of mixed enterprises have become the main form of public ownership of the economy. Therefore, the healthy growth way of the state-owned and holding enterprises have become the most important development of the national economy. Although China’s economic model is already in transition from a planned economy to a market economy, but in China’s socialist market economy, the government still has a vital role-to control a lot of resources, especially the configuration of critical resources. This is where the government that is responsible for the management of state and society, but also led the country’s economic growth, the implementation of macro-control. In this context, the government has become the largest stakeholder of enterprises, handle well the relationship between business and government, is a compulsory requirement to develop a lesson for any business. And compared with other businesses, state-controlled enterprises in the business relationship between government and enterprises have their unique advantages, because the enterprise itself flowing government "blood", so both sides can easily reach the consistency of interests, the interests of the government by forming Community and government to realize the relationship of politics. However, the relationship between government and enterprises in the role of government is the invisible hand will be able to achieve under the benign environment for enterprise development, so that the healthy growth of the enterprise it? About enterprise relations problem for business growth research study by scholars mostly private enterprises, and did not reach a consensus. Such as Tan Jinsong, Zheng Guojian (2004) as "KELONG," and "Midea", for example with regard to property arrangements, governance, enterprise relations and business efficiency of local government intervention studies have shown that the negative effect of corporate mergers and acquisitions; and Zhang Min, Huang Jicheng (study of political association, and enterprise risk diversification 2009) found that, compared with other companies with good business venture enterprise relations smaller and more.In this paper, as a case of Wuhan, Hubei Province by a specific state holding enterprises field research as a research object, and analyzed by the company’s development history of the case, as well as other aspects of operating status data found affected by government intervention, leading to the development of the company’s non-market factors in overweight problems; because the agency relationship led to internal supervision and management system is imperfect, the operators lack of effective incentives and constraints. Specific performance of the company’s core business uncompetitive, overall profitability is not strong, the company is over-indebted. By then the operators, the enterprise itself and the three levels of government to analyze causes of the problems, and based on the results of the analysis, but also from the three levels of the corresponding measures and suggestions are given. This innovation lies in the relationship between government and enterprises as a starting point to study the growth of local state-owned holding company issues, consider the business under the protection of local government policy is conducive to long-term development of enterprises, by specific company as a case study to analyze the relationship between the local government and enterprises the impact of state-owned enterprises as well as the reasons for the growth process generated, and case studies for the idea from the particular to the general given the appropriate measures and recommendations. |
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