Research On State-Owned Capital Operation And Capital Optimization Allocation Model Of China Guoxin

Guoxin is a product of the reform of the state-owned capital authorization system oriented by "management capital" and one of the enterprises of state-owned capital operation companies.The establishment of a state-owned capital operation company and the formation of a new authorized management system to solve the problem of the absence of state-owned capital investors.The goal of the pilot reform is to achieve optimal allocation of state-owned capital.Based on this,The main research subject of this paper is:Under the guidance of the transformation of the functions of the SASAC to the management of the capital,how does China's Guoxin,as a pilot reform of the state-owned capital operation company,carry out operational activities to achieve optimal allocation of state-owned capital?Research ideas:around the core issues,taking China Guoxin as a case study object,first of all,research on China's new national restructuring of state-owned capital operating companies and the establishment of state-owned capital operation platform,and secondly,research on China Guoxin's operation through construction.How does the platform optimize the layout of state-owned capital and how to build a capital network and an industrial network and realize the integration and development of the two,and sum up the model of China's new and specific state-owned capital optimization allocation.Finally,it analyzes the implementation effect of the specific cross-group investment projects of China's new operation platform,and analyzes whether this implementation mode can truly realize the optimal allocation of state-owned capital.Research findings:(1)Guoxin has formed a strong capital network with a small amount of state-owned capital through the establishment of funds and equity investment,and through the implementation of cross-group investment and equity operation,in the process of interaction between capital network and industrial network The main realization is the optimal allocation of state-owned capital outside the group:on the one hand,capital is used to support the development of emerging industries,and the overcapacity industries and traditional industries state-owned capital flow to strategic emerging industries,revitalizing inefficient state-owned capital and improving the emerging strategy The industry lacks the state of state-owned enterprises and optimizes the layout of state-owned capital.On the other hand,it has optimized the industrial network relationship by helping the traditional enterprises to innovate and upgrade the central enterprises,improve the quality and efficiency,and gradually develop the emerging industries into the pillar industries of the national economy and the overcapacity industries.(2)The optimization of the industrial network relationship realized by Guoxin by optimizing the external capital allocation has also led to the improvement of the capital operation efficiency and the improvement of the performance level of the invested enterprises,which will promote the preservation and appreciation of state-owned capital and realize the optimal allocation of the internal capital of the group.Innovation and application value:(1)Taking Guoxin as a case study,it reveals that state-owned capital operating companies,as state-owned capital investors,invest in invested companies,use equity as a link to carry out cross-group capital operations,and optimize the overall state-owned capital layout.And to promote the preservation and appreciation of state-owned capital,to achieve a model of optimal allocation of capital.(2)Through the analysis of China's new state-owned capital operation mode and capital allocation results,the mechanism of state-owned capital operation company's capital optimization allocation is obtained,which provides a practical reference for other pilot companies.