Research On The Reform Mode And Path Of China's State-Owned Enterprises Driven By Internationalization

Globalization affects every corner of the world economy,and our country is actively turning from the feast of globalization to the process of promoting globalization.State-owned enterprises after decades of development,the use of their own advantages and constantly actively into the market competition,the overall integration with the market economy,running quality and efficiency significantly improved.However,the state-owned enterprises in the face of the global economy as a whole and the weak recovery into the industrialization of the late need to change the mode of economic development under the dual pressures,the overall layout is still unreasonable,lack of corporate vitality,corporate governance structure is not perfect and part of the field lag and other issues Has not been properly resolved.Many scholars have discussed and researched the reform of state-owned enterprises from the perspective of property right system reform and corporate governance,and provided some feasible policy suggestions for the state-owned enterprises to solve the predicament.However,the study of state-owned enterprise reform combined with internationalization of enterprises into the global perspective is relatively rare The In this paper,seven cases of state-owned enterprises with high degree of internationalization such as Sinopec and State Grid are selected as the research object.Based on the existing theory of transnational mergers and acquisitions,the reform of property right system and the theory of corporate governance,From the perspective of internationalization to explore the model and path of state-owned enterprise reform.Through the case study,the author finds out that the internationalization of state-owned enterprises mainly includes two main modes:"introduction" and "going out".The high-quality introduction of overseas strategic investors and overseas cross-border M&A activities will be carried out by the order of state-owned enterprises Different will form a different path of reform.Its own degree of internationalization,size,talent,technology management and market demand for the choice of state-owned enterprises have a great relevance.The general path of state-owned enterprises to choose the first overseas listing of foreign strategic investors to participate in cross-border mergers and acquisitions activities,and ultimately become outside the strategic investors to participate in the operation and management of other overseas enterprises,but some state-owned enterprises will be based on the actual situation using jump path Way to complete the reform.The government should,in the context of respecting the rules of the market economy,take the initiative to establish a multi-level guidance and service system for the reform of state-owned enterprises,so as to realize the optimization of resources on a global scale.Configuration to enhance operational efficiency,participate in international division of labor and cooperation,and further enhance the global competitiveness of state-owned enterprises.