A Study On The Motivation And Effect Of Overall Listing Of State-owned Enterprises Under The Background Of State-owned Enterprise Reform

Under the situation of economic globalization and the acceleration of scientific and technological progress,the Party and the state have always adhered to the principle of not abandoning,grasped the economic development situation at home and abroad,and deepened the reform of state-owned enterprises.At present,the reform of state-owned enterprises has entered the stage of deepening the reform of mixed ownership,and has achieved phased results in the reform.One of the key reform directions is to promote the overall listing of state-owned enterprises,introduce social capital,and truly realize mixed ownership.Before overall listing,there is a disconnected relationship between listed subsidiaries and non-listed subsidiaries in the group,which will lead to related transactions and damage the interests of small shareholders of listed companies,and is not conducive to the development of enterprises.Overall listing can help enterpises clarify the complex ownership structure within the group,improve corporate governance,obtain the funds needed for development,improve operational efficiency,increase the vitality and enthusiasm,thus promoting the reform of state-owned enterprises.Therefore,this paper chooses the hot issue of overall listing in the reform of state-owned enterprises to study,combs the relevant theories and concepts of overall listing,and summarizes the motivation and effect of overall listing of state-owned enterprises in the capital market.Afterwards,taking Huayi Group as the research object,using the method of combining theory with case study,through analyzing the motivation and effect of Huayi Group's overall listing,we can uncover the veil of the overall listing of state-owned enterprises,summarize and enrich the theory and case experience of the overall listing of state-owned enterprises in the reform of state-owned enterprises,and make some tribute for the later,especially for those state-owned enterprises preparing for the overall listing.This paper is divided into five chapters:the first chapter is an introduction,which mainly introduces the research background and significance of this paper.On the basis of combing the relevant theories,this paper puts forward the research ideas,methods,innovations and so on.The second chapter is the definition and theoretical basis of the concept,mainly on the overall listing of the relevant concepts and related theories are summarized and elaborated.Chapter three classifies and summarizes the motivation and effect of the overall listing of state-owned enterprises,and carries out analysis.Chapter IV is the case analysis of Huayi Groups overall listing.It mainly introduces the general situation,background and process of Huayi Group's overall listing case,analyses its listing plan,and summarizes the motivation of its overall listing and the effect after listing.The fifth chapter is the full text review and prospect,mainly based on the analysis of Huayi Group's overall listing case,summarizes the enlightenment and suggestions it brings to us,and looks forward to future research.This paper mainly contributes to the following two aspects:on the one hand,it is of theoretical significance.On the basis of the existing objective data,it summarizes and collates the theory and background of the overall listing of state-owned enterprises,and carries on the analysis,focusing on the analysis of the motivation and the effect of overall listing,which enriches the theoretical system of the reform of state-owned enterprises in China.On the other hand,it is of practical significance.This paper chooses Huayi Group as a representative case to analyze,which provides relevant specific operational experience and inspiration for the follow-up enterprises to go on the overall listing,and speeds up the process of the mixed reform of state-owned enterprises.