Research On The Motivation And Effect Of Introducing State-owned Major Shareholders Into Beijing SPC Environment Protection Tech Co.,Ltd

In 2013,the Decision of the CPC Central Committee on Some Major Issues Concerning Comprehensively Deepening Reform clearly pointed out that it is necessary to actively develop an integrated mixed ownership economy.However,in reality,it is common for China’s mixed ownership reform to introduce non-state-owned capital,while it is relatively rare for private enterprises to introduce state-owned capital.After that,the country began to reduce industrial capacity and financial leverage,the financing cost of enterprises continued to rise,then the financial cost and capital turnover pressure of enterprises,especially private enterprises,continued to increase.In 2018,the state regulated PPP projects,and a large number of projects with rapid expansion in the environmental protection industry were suspended and difficult to recover funds.Many enterprises were affected by the difficulty in recovering accounts receivable and the difficulty in financing.Private enterprises in the environmental protection industry have introduced large state-owned shareholders to seek the help of large state-owned enterprises or local state-owned enterprises,setting off a wave of "reverse mixed reform".What is the motivation of this new mixed reform model? How about the effect? Can we really promote the "common progress of the people" ? In this context,we take the SPC environment as an example to study the case of private enterprises in the environmental protection industry introducing state-owned major shareholders to carry out "reverse mixed reform".The article takes the relevant research on the motivation and effect of introducing private enterprises into state-owned major shareholders as the theoretical basis,taking SPC environment as a case,analyzes the basic situation of environmental protection industry and the current situation of introducing large state-owned shareholders.Aiming at the behavior of introducing state-owned major shareholders into SPC environment,this paper explores the motivation,action mechanism and effect of introducing Guorun environment.The results show that: as a private enterprise,SPC environment introduces large state-owned shareholders mainly for the reason of alleviating financial difficulties,and completing the introduction of large state-owned shareholders in private enterprises based on two-way selection;After the introduction of large state-owned shareholders,through the three mechanisms of alleviating financing constraints,realizing synergy effect and improving corporate governance,the company has achieved the improvement of financial status,reasonable market layout,improvement of innovation ability,improvement of talent mechanism,rise of value valuation and conscientiously fulfilling social responsibilities.This paper enriches the relevant research on mixed ownership from the perspective of introducing large state-owned shareholders into private enterprises,and has positive reference significance for environmental protection private enterprises or similar enterprises to carry out mixed ownership reform.