China's State-owned Enterprise Restructuring And Listing Of Issues Discussed

Since the reform and open up of China, the course of the state enterprises' reformation have gone through delegating power and cutting profits, switching from profit delivery to tax, managerial responsibility system of contracting, and building modern enterprise management system. We have got much achievement and experience. It's known that continuous and deep reformation is the motive force of the development of the state enterprises, and that the company reorganization and be listed is the important strategy of the development. Since the year 2000, the rules of issuing stock and company be listed have changed tremendously. First, though the second internal stock market has not turned up, it supports the middle or small companies greatly to reorganization and issue stock publicly who product high-tech products and grow quickly. Second, in the primary internal stock market the rules of issuing stock publicly changed from limitation the quantity to examination. It made it difficult to help companies to be listed by packing. So company reorganization like a single spark soon became a prairie fire. The practice also tells us that reorganization have made lot of companies vigorous and improved the companies' business scale and management benefit more than ever. But reorganization condition and way of operation are different, so the reorganization result is widely different. Now some companies' operation is not standard, it exposes many problems. So it's time for us to research systematically how to reorganize the company and make it be listed standard. It has much more realistic significance. The article first analyses the realistic significance of the company reorganization and company be listed, it points out that the reason of company's finance difficulty is not the structure of asset, but the enterprise management system. The primary purpose of the state enterprises reorganization and trying to be listed is to reform the enterprise management system, the secondary reason is to raise funds. Then the article analyses the models of reorganization and the process, the way of the state enterprise how to be listed and the process, the problems it will meet in the processes. Finally the article analyses a example of a company, it is wished to bring about the mixture of the theory and the practice.