Immprove The Way And Means Of Investment In The Process Of State-owned Enterprises' Going Global

Encouraging enterprises to go out is an important action of the Party Central Committee to promote a new round high-level opening up.It was first proposed by Deng Xiaoping when Shenzhen Special Zone was established in 1984(Selected Works Of Deng Xiaoping,Volume 3,1993).The concept of ‘going out' was first reflected in the Report of the 14 th National Congress of Communist Party of China in 1992.The CPC Central Committee confirmed that,actively guide and support Chinese enterprises to expand oversea direct investment and multinational operation.However,the word “going global” was first mentioned in the Second Plenary Session of the 15 th National Congress of the CPC in 1998.The central document formally proposed the implementation of "going global out" strategy on the 16 th Congress of the Communist Party of China in 2002.The CPC Central Committee made specific arrangement "going global" strategy in October 2003?In the Party's third Plenary Session of the 16 th CPC Central Committee,the CPC Central Committee instructed that,"go global " is a strategy to improve the socialist market economic system,to make it a more dynamic and more open economic system,help to further emancipate and develop the productive forces,economy and social development.2013,Chairman Xi,Jinping proposed the construction of “‘Silk Road Economic Belt'and 21 th Century ‘maritime Silk Route'”(referred to as "The Belt and Road")strategic planing,which further stimulate the boom of Chinese state-owned enterprises go global.The implementation of these major strategies help China to make better use of the international markets and resources,drive domestic capital,production capacity and technology to go out to create significant cooperation opportunities between China and many countries along the ‘Maritime Silk Route'.At the same time,it accelerates China's enterprises to go out.In recent years,China's foreign investment has maintained a double-digit growth rate with its volume ranked the second in the world.It has exceeded the amount of foreign investment entering China over the same period.However,as China's enterprises are going global faster and with larger scale,more problems have appeared.These problems include unclear investment direction,unscientific investment method,imperfect investment means,irrational investment structure and increasing investment risks,which not only fail to meet the requirement of improving China's state-owned enterprises' international competitiveness but also contrast to the original intention of China's ‘going out' development strategy.Therefore,this paper is written to discuss how to make China's state-owned enterprises improve their investment methods and means in the process of going out in order to enhance their competitiveness and influence in the international markets.This paper is divided into eight chapters.The first chapter is the introduction of domestic and foreign theories and viewpoints of enterprises and investment,to do the theoretical groundwork on the state-owned enterprises to go out and invest in modes and means.The second chapter is to explain the historical background,include the practical significance,the development status and the development trend of China's state-owned enterprises(China's SOEs)' going global.This part provides the data and the objective background for the research and analysis.The third chapter is to point out and explain the risks and issues of the China's SOEs' going global,to provide the reason and basis of research.The fourth chapter is the theoretical hypothesis build up of macrofunction and external competition orientation of the state-owned enterprises,to support the ideas and arguments in the following chapters.The fifth chapter is to point out the urgence,necessity and rationality that of improving the investment mode and means of China's SOEs base on previous chapters.The sixth chapter is about improving suggesetion on the macro policies and governance measures for China's SOE to go global,so as to provide a good external environment for the transformation of the modes and means of China's SOEs.The seventh chapter is to propose and guide the China's SOEs to use scientific methodths and means of foreign investment.The eighth chapter is the conclusion of this research,especially the basic conclusion of the thesis,and puts forward the important theoretical and practical problems that need to be further studied.It is concluded that improving the modes and means of investment of China's SOEs is an effective way to improve the competitiveness of China's SOEs in the world economy and the international market.