Research On The Impact Of Mixed Ownership Reform Of Gree On Corporate Governance

State-owned enterprises are the key support of China’s economic development and social progress and play an important role in organizing China’s industrial layout and realizing the effective distribution of resources.But some state-owned enterprises have inefficiencies and poor performance,even been named as "zombie enterprises".Therefore,the academic and practical circles have been exploring how to deepen the reform of state-owned enterprises to solve above questions.This mixed ownership reform directly led to Gree’s former state-owned controlling shareholder Gree Group lost the control of this company.Gree Electric became "no actual control entity",which is the first time in the history of China’s state-owned enterprises,so it is regarded as a new chapter in China’s state-owned enterprises mixed reform.Therefore,it can provide a reference to the state-owned enterprises which need a mixed ownership reform in the future.This paper probes into the reform of mixed ownership of state-owned enterprises in our country,focusing on the influence of mixed reform of state-owned enterprises on corporate governance.This paper takes the mixed ownership reform as an important way to deepen the reform of state-owned enterprises in our country at present,and the Gree’s mixed reform has the symbolic significance of opening the 3.0 era of mixed reform as the breakthrough point.Then through the specific case,analyzing the changes of the company governance structure and governance mechanism of Gree after the mixed transformation from three levels ”the shareholder structure,the supervision board of directors and the board of supervisors and managers”,in order to clarify whether the mixed ownership reform using the model of introducing strategic investors can optimize the corporate governance of enterprises or not.The research found that Gree has improved corporate governance to some extent through mixed reform,and the introduction of strategic investors Gaoling Capital is conducive to Gree on business diversification layout.From the market response,the capital market is generally optimistic about Gree mixed reform.But the mixed reform also brings new problems to Gree’s corporate governance,which led to the author’s suggestions and concrete measures for Gree to further improve the corporate governance,which will provide reference for the mixed reform of state-owned enterprises in the future.