Research On The Path And Effect Of Mixed Ownership Reform In State Owned Enterprises

The report to the 20 th National Congress of the Communist Party of China proposed to deepen the reform of state assets and state-owned enterprises and accelerate the optimization and restructuring of the state economy.The development of mixed ownership economy is an important measure to comprehensively deepen the reform of state-owned capital and stateowned enterprises,and plays an important role in the process of achieving high-quality development of the national economy.The report to the 19 th CPC National Congress called for deepening the reform of state-owned enterprises and promoting the development of a mixedownership economy.Since the Third Plenary Session of the 18 th CPC Central Committee,China has issued more than 20 institutional documents and supporting policies,forming an institutional system covering all aspects of mixed-ownership reform,and actively advancing the mixed-ownership reform.In 2022,the main task of the three-year action on state-owned enterprise reform was qualitatively completed.At this time,the report to the 19 th CPC National Congress put forward new missions and tasks for the reform and development of state assets and state-owned enterprises,calling for improving the modern enterprise system with Chinese characteristics,promoting entrepreneurship,and accelerating the construction of world-class enterprises.In this context,based on the new stage of high-quality development,in-depth analysis of the path and effect of mixed ownership reform of state-owned enterprises is of great significance for deepening the reform of state-owned assets and state-owned enterprises,and has strategic significance for comprehensively building a modern socialist power.Firstly,this thesis takes GRIPM as an example,uses literature research method to elaborate the motivation,path and effect of the mixed-ownership reform of state-owned enterprises,providing ideas for the motivation,path and effect of the mixed reform of research in the following thesis.By sorting out and concluding the development process and theoretical basis of mixed-ownership reform,the motivation and path of mixed-ownership reform are further discussed,to better study how state-owned enterprises implement mixed-ownership reform and its consequent effects.Secondly,under the premise of understanding the basic situation,organizational structure and industry situation of GRIPM,the process of mixed ownership reform of GRIPM is elaborated.Then,the motivation and path of the mixed reform of GRIPM were analyzed,and the path of the mixed reform for GRIPM was mainly analyzed,including four points: first,mergers and acquisitions of metal powder manufacturers at home,and abroad to carry out global strategic deployment;Second,introduce strategic investment partners to integrate subordinate holding enterprises and optimize the layout of the industrial chain;Third,create an employee shareholding platform to indirectly hold the company’s shares and bind core talents;Fourth,complete the shareholding system transformation and successfully land on the science and technology innovation board to ease the financial pressure.Then,based on the above content,the comparative analysis method is used to analyze the implementation effect of the mixed reform for GRIPM,including three points: first,it analyzes the effect of corporate governance by improving the system of shareholders’ meeting,independent board of directors,board of supervisors and incentive system.Secondly,it analyzes the operating effect of the company from the aspects of research and development technology achievements,product sales,product income and asset turnover.Thirdly,it analyzes the effect of corporate financing through the preservation and appreciation rate of state-owned assets,debt solvency and cash flow of financing activities.Finally,based on the above analysis,it is concluded that: first,improve the ownership structure and improve the level of governance structure of mixed-ownership enterprises;Second,improve the incentive mechanism and strengthen the talent attraction of mixedownership enterprises;Third,play a synergistic effect and improve the business performance of mixed-ownership enterprises;Fourth,broaden financing channels and enhance the risk resistance ability of the mixed ownership enterprise In response to the above conclusions,this thesis further draws relevant enlightenment on promoting the implementation of mixedownership reform of state-owned enterprises: first,choose an appropriate reform path to improve the development power of state-owned enterprises;Second,establish and improve a diversified incentive system to enhance the loyalty of employees of state-owned enterprises;Third,establish a fault-tolerant and error-correcting mechanism for mixed reform to increase the willingness of state-owned enterprises to participate in mixed reform.