Research On The Introduction Of Private Equity Funds By Stateowned Enterprises From The Perspective Of "Mixed Reform"

In November 2013,the Third Plenary Session of the 18 th CPC Central Committee officially issued the "Decision of the Central Committee of the Communist Party of China on Comprehensively Deepening the Reform of Some Major Issues",which made the "mixed ownership economy" a hot topic in the community.Topic,but from the perspective of the restructuring of state-owned enterprises in China,the reform of state-owned enterprises has been initiated since the 1980 s,and the reforms in the past years have not resolved the inherent contradictions of state-owned enterprises.There are still many restrictions on stateowned enterprises.Development problems,such as low operating efficiency,lack of effective incentive systems,and management capabilities to be improved.The new round of mixed ownership reform once again revisited the "mixed ownership economy" as an important realization of China's basic economic system,and brought the mixed ownership economy to an unprecedented height,emphasizing the adoption of state-owned capital,collective capital,and non-The cross-shareholding of public capital and mutual integration promote the improvement of the modern enterprise system of state-owned enterprises,continuously improve the management efficiency of state-owned enterprises,and truly stimulate the market vitality of stateowned capital.Private equity funds use the growth potential and efficiency of enterprises as the principle of investment choice.In addition to injecting the funds needed for development,the company also pays more attention to long-term strategic value-added services and provides all kinds of enterprises needed to become bigger and stronger.Resources help companies establish and strengthen their industry status through governance optimization,strategic management,management improvement,and international expansion.In addition,private equity firms usually do not require a controlling stake in the company.Therefore,private equity funds can well meet the multifaceted needs of state-owned enterprises under the current mixed ownership reform.Based on this,this paper analyzes the introduction of private equity funds into the reform of state-owned enterprises,which is of great significance to the effective promotion of China's mixed ownership reform and the all-round development of private equity funds.In the existing theoretical research,most scholars have conducted a single subject analysis on the reform of state-owned enterprises or private equity funds,and few scholars have conducted joint research on the reform of state-owned enterprises and private equity funds.Therefore,this article explores the combination of the two.It has a unique research perspective.On the one hand,it can fill the theoretical research of the introduction of private equity funds by stateowned enterprises in China to a certain extent.On the other hand,it also adds a new theoretical basis for the realization of the new round of mixed-reform,for the stateowned enterprises in China.The mixed reform provides more theoretical guidance.At the same time,this paper analyzes the general motivations,methods and introduction status of the introduction of private equity institutions in state-owned enterprises,which provides a direction and basis for the private equity institutions to participate in the mixed reform of state-owned enterprises.In addition,the paper analyzes the effect of introducing private equity into the private equity in the form of case,which provides a practical basis for the private equity institutions to participate in the mixed reform,which not only enriches the realistic path of the mixed reform of state-owned enterprises in China,but also broadens the private equity funds in China.Investment areas in the capital market.The research content of this paper contains a total of seven chapters.Firstly,in the first two chapters,this paper sorts out and summarizes related literatures at home and abroad,summarizes the current research progress of scholars on mixed reform and private equity institutions and its research results.The basis of theoretical research.Next,in the third chapter of the thesis,we review the history of China's state-owned enterprises' mixed reforms,and propose the main problems facing the new round of mixed reforms.At the same time,we introduce the concept and function of private equity funds in a comprehensive way,and analyze the private equity funds in depth.The role played by the reform of state-owned enterprises has paved the way for the introduction of private equity funds by state-owned enterprises.In the fourth chapter,the paper analyzes the joint analysis of state-owned enterprises and private equity funds,and systematically summarizes the universal motivations of introducing private equity funds into mixed reforms,and introduces various ways for private equity institutions to participate in mixed reforms.The fifth chapter to the sixth chapter are the specific case analysis part.This paper selects the Jinjiang stock case for practical exploration,comprehensively expounds the motivation,process and economic effects of the introduction of Hony Capital into Jinjiang,and summarizes Jinjiang shares accordingly.The enlightenment brought by the case.Finally,in the seventh chapter,based on the relevant research results of the theory and the case,this paper summarizes the functions of private equity institutions in state-owned enterprises,and puts forward relevant suggestions on how to promote the further effective reform of state-owned enterprises.Private equity funds participate in mixed reforms to provide a certain reference.