Research On Jiaozuo Wanfang's Financial Risk Prevention Under The Background Of Mixed Ownership Reform

In recent years,the reform of mixed ownership has become the key strategic direction for the current reform of state-owned enterprises.Judging from the past cases of enterprise reform,the actual reform progress of enterprises has not yet reached the expected speed.There are still some ambiguities in the reform of mixed ownership of state-owned enterprises.In order to further develop productivity and enhance the competitiveness of existing enterprises,the 16th National Congress of the Communist Party of China proposed to develop a mixed-ownership economy for the first time in 2002.The Third Plenary Session of the 16th CPC Central Committee explicitly proposed to develop a mixed-ownership economy,including state-owned capital and collective capital.,non-public ownership of capital and other capital.Therefore,how to promote the development process of mixed ownership economy and solve the problems existing in the reform has become an important issue in China's current economic development.This paper first summarizes the concepts and theories related to the reform of state-owned mixed ownership and financial risk prevention,and explains the financial risk assessment system of this paper.This paper selects Jiaozuo Wanfang as a case to analyze the main process of its mixed ownership reform,compares the overall changes of financial indicators before and after the Wanfang mixed reform,and analyzes the impact of the mixed reform process on the four major financial activities of the company,and passes the F score.The model makes an overall assessment of its financial risks.Finally,it is concluded that Jiaozuo Wanfang faces considerable financial risks due to improper allocation of equity and neglect of corporate governance during the mixed reform process.Finally,this paper puts forward some targeted suggestions on equity allocation and corporate governance.Through the case study of Wanfang,this paper combines the activities of state-owned enterprises in the reform of mixed ownership with the financial risk reasons they face.This paper fills the gap between the reform of mixed ownership and corporate financial risk control,and further improves and enriches the theory related to corporate financial risk prevention and control.This paper finds the relevant problems in the reform and applies it to the current state-owned enterprise mixed ownership reform,accelerates the reform process and gives reference to other state-owned mixed ownership enterprises,which has certain practical significance.