A Study On The Practice Of Mixed Ownership Reform In JY Company

According to the World Economic and Economic Research Institute of the Chinese Academy of Social Sciences,2016 global GDP growth rate lower than the general expectations of global GDP growth rate declined compared with 2015.IMF forecast data show that the world economic growth in 2016 than in 2015 fell 0.1 percentage points.The decline in the global economic situation is mainly due to the slowdown in the economic growth of developed countries or regions,the developed countries in 2016 the overall economic growth rate of 1.6%,down 0.5 percentage points over 2015.Emerging markets and developing economies rebounded slightly,with the overall growth rate of 4.2%in developing countries in 2016,up 0.2 percentage points from 2015.China’s economic slowdown in 2016 stabilized,but the domestic consumption,investment,export demand for the three were contraction trend.The focus of the government stimulus policy is shifted to the supply side.Macroeconomic situation is complex,both opportunities and challenges."The state-owned enterprises are the backbone of the development of the national economy and we must continue to deepen the reform of the state-owned enterprises."By the end of 2016,oil,and fossils and other industries fell sharply year on year,steel,chemicals,nonferrous metals and other industries continued losses.Although the development of state-owned enterprises is relatively warmer,but the downward pressure still exists,state-owned enterprises to deepen the reform is imminent.Practice has proved that mixed ownership reform can effectively promote the development of productive forces.Since the Third Plenary Session of the Eighth Central Committee of the Communist Party of China(CPC)"proposed" the "positive development of mixed ownership economy",China’s mixed ownership reform has achieved remarkable results.2017 will be the state-owned enterprises mixed ownership reform of the landing year.It is imperative to mix the ownership reform,but how to promote the transformation and upgrading of the state-owned enterprises in the process of reform?How can the enterprises choose the appropriate way of mixed ownership reform?How to carry out mixed ownership reform in the equity allocation?And so on with the mixed ownership reform to deepen the problems are urgent to be resolved.This paper uses the JY group,a pilot unit of the province mixed ownership reform,as a case.From the basic situation of the JY group,through the mathematical analysis of the reform model of JY group,the guiding ideology and basic goals of the reform of the mixed ownership system by the JY group are clearly defined,from the selection of the strategic investors,the design of the case of the ESOP and the optimization of the governance structure.It provides a way of thinking for the further development of JY group.At the same time,through the research and analysis of the adjustment of the ownership structure,the financial evaluation and the comprehensive evaluation of the JY group’s mixed reform practice,the relevant safeguard measures and the key problems of the following work are put forward more pertinent to the mixed ownership reform of the JY group and the state-owned enterprises,hoping to be able to reform the mixed ownership system of other state-owned enterprises.The promotion has certain reference function.