Analysis On The Causes And Effects Of Reverse Mixed Reform In Private Enterprises

Mixed ownership reform refers to the process of mutual shareholding and integration between capital of different ownership systems,which is an important part of our country in economic construction.Since the Third Plenary Session of the 18 th Central Committee,China has been vigorously promoting the mixed reform of state-owned enterprises,and has achieved significant results in terms of scale,field,approach and speed.While it continues to promote the mixed reform of SOEs,its connotation is also expanding.From encouraging private capital to participate in state-owned enterprises,we are encouraging state-owned enterprises to participate in private enterprises,and "reverse mixed reform" is gradually becoming a reality.Private enterprises play a vital role in today’s economic development,playing an important role in promoting innovation and progress,creating jobs,promoting urban and rural development,facilitating international trade,and enhancing market competition.However,due to the mismatch between the social and economic status of private enterprises,they cannot get rid of the constraints of financing,lack of resources,and inadequate management system,which seriously affects the quality development of our country and hinders the construction of our national economic system with special characteristics,and they should be given a better environment for their development.In the context of "reverse mixed reform" in China,in the process of "reverse mixed reform",how to make various types of capital to coordinate development and mutual constraints,and give full play to the national strategic investors’ relative advantages to promote private enterprises? In the process of "reverse mixed reform",how to enable the coordinated development and mutual control of various types of capital,and give full play to the relative advantages of national strategic investors to promote the highquality development of private enterprises is a hot issue in the study of "reverse mixed reform".Therefore,this dissertation explores the motives and impacts of the "reverse hybrid reform" by taking Shuifa Energas Gas Co.,Ltd as an example,in the hope that it can serve as a reference for the implementation of the "reverse hybrid reform".This dissertation takes the motive and effect of "reverse mixed reform" as the main line,and composes the existing related literature at three levels: motive,path and effect;secondly,it defines the relevant concepts involved in "reverse mixed reform",and provides a systematic overview of the meaning of "reverse mixed reform" of private enterprises.Secondly,we define the concepts involved in "reverse mixed reform",systematically sort out the "reverse mixed reform" of private enterprises,and analyze the significance of "reverse mixed reform" of private enterprises,providing a solid theoretical basis for the case study;again,taking Shuifa Energas Gas Co.,Ltd as an example,we analyze the strategic motives,market motives,and effects of"reverse mixed reform"."The strategic,market,technological,and financial motives of the"reverse hybrid reform" are analyzed,and the plan of the "reverse hybrid reform" and the steps to achieve it are explained,Finally,we summarize the experience and lessons learned from the"reverse-hybridization" of Shuifa Energas Gas Co.,Ltd,and present the relevant motivations and performance effects of the "reverse-hybridization" of Shuifa Energas Gas Co.,Ltd,taking into account the above analysis results.Conclusions:(1)"Reverse-hybrid reform" can help private enterprises solve cash flow problems,increase bank credit lines,reduce financial risks,and improve profitability.(2)"Reverse hybrid reform" can bring better profitability to private enterprises.(3)"Reverse hybrid reform" can strengthen the strategic cooperation between private enterprises and state-owned enterprises and extend their production and value chains.In view of this,a series of insights on the "Reverse Mixed Reform" of Shuifa Energas Gas Co.,Ltd are proposed:(1)private enterprises should reasonably choose the objects introduced to them;(2)"Reverse Mixed Reform" enterprises should reasonably plan strategically around their main business and pay attention to the extension of the industrial chain;(3)(3)after the "reverse mixed reform",the relevant mechanism should be improved and adjusted continuously in order to play a positive role in the reform.The innovation of this thesis is mainly reflected in two aspects: first,the research angle is innovative.Most of the previous studies on "reverse mixed reform" have focused on stateowned enterprises,while empirical analysis of reverse mixed reform of private enterprises is rare.This project aims to provide useful reference for the investment decision and investment decision of private enterprises in "reverse mixed reform" in China,and to provide some theoretical support for the formulation and implementation of China’s mixed reform policy.In this thesis,we analyze the financial performance and non-financial effects of the "reverse hybrid reform" of Shuifa Energas Gas Co.,Ltd as an example,and infer whether its motives have met expectations.