| At present,China's private capital is expanding and developing at an unprecedented rate,and its investment activities at home and abroad are also increasingly active.However,at present,the investment of private capital in China's state-controlled areas is still subject to many restrictions,especially in the area of state-owned management and control,investment.Therefore,in order to better promote the investment of private capital in the state-controlled field,this article from the government's perspective,is committed to analyzing whether private capital should be financially or strategically invested in the state-owned management and control field.Based on this,it should analyze how the government should Private capital is managed in the state-controlled area.This paper adopts a combination of theory and practice to first summarize the relevant literature on private capital investment in the state-owned management field.Through the summary,it can be found that most scholars believe that in the field of state-owned management and control,private capital should be allowed to invest,but Different fields should adopt different investment methods.Generally,most scholars believe that private capital should adopt financial investment methods in most areas of state-owned management and control.Therefore,this article next summarizes the constraints of private capital under the background of state-owned management and control,so as to analyze why the private capital is not suitable for strategic investment under the background of state-owned management and control.Afterwards,this article introduced the case of the Wanbao dispute,combined with the background and process of the case to further analyze the investment mode of private capital under the state-owned management and control background.Through analysis,it can be found that in the dispute of the Wanbao dispute,Baoneng intends to carry out Strategic investment,but ultimately due to the involvement of relevant departments,resulting in the failure of this investment.The failure of Baoneng Investment also confirmed to a certain extent the conclusions reached before this article that private capital is not suitable for strategic investment under the background of state-owned management and control.Therefore,on this basis,this article believes that the state should exercise reasonable control over the investment of private capital to encourage private capital to invest in the state-controlled area.Specifically,the state should first clarify the boundaries of strategic investment in private capital.Second,it should improve the legal system,ensure private capital to make financial investments,and promote the development of private enterprises. |