Research On The Impact Of Mixed Ownership Reform On CNPC Capital Company Limited's Performance

As an important carrier of national economy,the development and operatio n of state-owned enterprises will have a direct and important impact on the ov erall economic development of our country.Therefore,the reform of state-owne d enterprises has always been the key to the construction of our economic syst em.In recent years,the mixed ownership reform of state-owned enterprises has ushered in a new round of upsurge and has become a hot spot for economic development.The Third Plenary Session of the Eighteenth Central Committee in 2013 specifically emphasized that the future development direction of state-o wned enterprise reform is mixed ownership,and affirmed the necessity and im portance of mixed ownership reform of state-owned enterprises.The introductio n of this policy means that mixed ownership reform is the focus of comprehen sively deepening the reform of the state-owned economy at this stage and will have a profound impact on the in-depth advancement of the reform of state-o wned enterprises and economic development.Therefore,in-depth research and a nalysis of mixed reform of state-owned enterprises is of research significance.The research and analysis of this paper is based on the development of m ixed ownership reform of state-owned enterprises in China.The selected resear ch object is the mixed ownership reform of CNPC Capital through the way of whole listing through asset reorganization.The performance of the mixed own ership reform of CNPC Capital is studied by comprehensive use of case study method,financial index analysis method and event research method.First of a ll,this article sorts out the situation of the mixed reform of CNPC Capital,sp ecifically from the aspects of the parties involved,the cause of the mixed refo rm and the process of the mixed reform.Then,it analyzes the impact of mixe d reform on CNPC's capital performance from the following three aspects: first,it analyzes the impact of mixed reform on CNPC's financial performance fro m the horizontal and vertical levels;second,it analyzes the impact of mixed r eform on CNPC's market performance through the event research method;third,it studies the comprehensive impact of mixed reform on CNPC's capital perfo rmance.Finally,there are three points were drawn in this paper's research co nclusion.First,the mixed reform improves the financial performance of CNPC;Second,the market has also made a positive and positive response to the mix ed reform of CNPC;third,after the mixed reform,CNPC Capital has a full-lic ense,multi-segment integrated financial business,which has realized the integra tion of industry and finance,exerted the financial integration effect,optimized t he organizational structure and improved the risk control ability,thereby enhanc ing the comprehensive strength of CNPC Capital and enhancing its market com petitiveness.Afterwards,it summarizes the enlightenment gained from the mixe d reform of CNPC Capital,so as to provide a reference for other state-owned enterprises.