Mixed Reform And Innovative Growth Of Private Enterprises

Since the 18th National Congress of the Communist Party of China proposed to "actively develop a mixed-ownership economy," our country has steadily promoted the mixed-ownership reform of state-owned enterprises and the reform has been quite effective.While the mixed reform of state-owned enterprises introducing social capital is being further carried out,there have been many cases of private enterprises introducing state-owned capital to achieve mixed reform.In the environmental protection industry in recent years,it is not uncommon for private enterprises to introduce state-owned assets as the mainstay of mixed reforms.The development of the environmental protection industry is closely related to national policies,and favorable environmental protection policies have encouraged the development of a number of private enterprises.Environmental protection enterprise projects have large investment amounts and strong professionalism,and the development of enterprises cannot do without the support of funds and technology.The launch of the PPP financing model in 2015 eased the government’s funding pressure and brought new policy dividends to the environmental protection industry.Many environmental protection private enterprises have participated in the construction of environmental protection operation projects,and the overall operating performance of the industry has continued to grow.Some private enterprises have developed more radically and have undertaken many PPP projects,which have a large demand for funds during the project construction period.However,affected by the strong supervision of the financial market in 2018,environmental protection companies have become more difficult to raise funds and financing costs have risen.Some private enterprises have rapidly deteriorated cash flow,business operations are difficult,and technological innovation is difficult to maintain.Many private enterprises have chosen to introduce state-owned capital to implement mixed reforms to improve their own difficulties.In this context,this article uses a case study to study the impact of environmental protection private enterprises’ introduction of state-owned capital to participate in the mixed reform.By studying the case of Cscec Scimee,it is found that during the implementation of the mixed reform,the entry of state-owned shareholders has made the company’s equity structure diversified.State-owned assets have brought directors and senior executives with excellent management experience and private enterprises Joint decision-making,give full play to the role of state-owned enterprises in the layout and strategic guidance,and the advantages of private enterprises in technology and operation management.At the same time,the entry of state-owned assets has strengthened the party’s leading role in the enterprise and grasped the general direction of the enterprise’s future development.After the mixed reform,private enterprises significantly eased financing constraints and broadened the financing channels for enterprises.At the same time,the mixed reform has received help from state-owned assets to maintain corporate innovation investment and maintain corporate innovation and development.In addition,the mixed reform has brought a positive impact on the financial performance of the enterprise in general,and the difficulties encountered by the enterprise have been alleviated.This article summarizes the mixed reform experience of the case company and found three enlightenments: First,environmental protection private enterprises actively introduce state-owned assets to bail out,and mixed enterprises provide a new path for enterprises to get out of trouble.Second,in the future development of the environmental protection industry,private enterprises can continue to combine with state-owned assets to form complementary advantages and enable both parties to achieve better development.Third,the government needs to maintain the continuity of policies so that environmental protection private enterprises can develop steadily.