Research On The Reasons And Effects Of Private Enterprises Introducing State-Owned Controlling Shareholders

Since the 18 th National Congress of the Communist Party of China,the state has encouraged state-owned enterprises to introduce private capital,activate the development of the ownership economy,and has continuously introduced policies to encourage the reform of mixed ownership between state-owned capital and private capital,so as to find a road of market economy suitable for the development form of socialism with Chinese characteristics.Under the leadership of the Party,the country promotes mixed ownership reform through various forms,constantly advocates the mixed ownership reform of state-owned enterprises,and promotes the mixed ownership reform of state-owned enterprises and private enterprises,which is the current national policy direction.However,before the mixed ownership reform,the direction was only the positive participation of state-owned capital.In order to accelerate the mixed ownership reform,now private enterprises also take the initiative according to their own development situation.The active introduction of state-owned strategic investors is not only a positive way for state-owned enterprises to introduce private enterprises,but also for private enterprises to introduce state-owned capital,that is,reverse mixed reform,which has become one of the current trends of capital operation of private enterprises.It is necessary to analyze the reasons and effects of private enterprises to introduce state-owned capital.The reform that can introduce private enterprises into state capital has also become a systematic research direction.Focusing on the research topic of "the motivation and effect of private enterprises introducing state-owned controlling shareholders",this thesis first starts from the theory,analyzes why private enterprises want to introduce state-owned enterprises or let state-owned capital into the company’s equity structure,and even relies on literary theory to derive what effect private enterprises will have after introducing state-owned shareholders.Improve the anti-risk ability of private enterprises to varying degrees.This paper takes the introduction of WY shares into HF Group as a research case,As the only listed enterprise in the building decoration industry on the Shenzhen Growth Enterprise Market,WY Incorated Company undertook large-scale high-quality projects,and was transferred to a subordinate unit of Zhuhai State-owned Assets Supervision and Administration Commission through an equity agreement in 2020,changing from a private enterprise to an actual holding by Zhuhai State-owned Assets Supervision and Administration Commission,and the industry is China’s continuously developing basic demand industry,which is one of the recent cases in the hybrid reform.Through the case of WY Incorated Company introducing HF Group as the controlling shareholder,briefly analyzing the basic information of both private enterprises and state-owned assets,WY Incorated Company were introduced into the state-owned shareholder HF Group by way of equity agreement transfer plus voting rights relinquishment,combined with the reasons for the introduction of WY Corporation Limited into state-owned controlling shareholders in the case,the actual development and changes of the company after the introduction,WY Incorated Company in terms of financial effects are mainly reflected in the financing ability,profitability,operating ability reflects a significant improvement.Moreover,WY Incorated Company are not only a private enterprise but also a listed company on the Growth Enterprise Market of the Shenzhen Market,and the positive impact of the capital market after the announcement of the acquisition of state-owned enterprises can be seen from the reaction of the capital market,in order to prove that the effect is brought about by the introduction of state-owned capital,this thesis analyzes the mechanism of action;Through full-text theoretical research and case verification,it is concluded that the introduction of state-owned capital into private enterprises as long-term strategic partners can promote the growth of enterprises.The introduction of state capital by private enterprises can increase performance in the short term,improve corporate governance,optimize the ownership structure,and the two sides develop in business.From the perspective of private enterprises,this thesis explores the current hot topics and belongs to the aspect of economic policy support for the mixed reform of state-owned enterprises,which is not only a diversified study of the introduction of investors by private enterprises,but also a way to increase the access of state-owned capital to the capital market.The practical significance is to bring a little inspiration to other private enterprises to solve the rescue,and enrich the reverse mixed reform of state-owned enterprises.With the improvement of the socialist economic system,there will be more and more cooperation between the public economy and the non-public economy,and the reasons and results of the integration of the two sides will become the direction of more scholars’ research.