Research On The Motivation And Implementing Effect Of China Unicom's Mixed Ownership Reform

State-owned enterprises can promote the development of national economy,state-owned enterprises will push the reform of mixed ownership.This paper chooses China Unicom which is take the lead in implementing the reform of mixed ownership the research object.It uses case study method and financial index analysis method to analyze the motivation of the case,and further analyses the problems that China Unicom wants to solve through the reform of mixed ownership.Finally,it studies its implementation effect.The conclusions drawn by this paper are as follows.Firstly,the reason for the reform of mixed ownership is China Unicom wants to establish a market-oriented governance mechanism,changing the structure of only one large-scale shareholding to improve the quality of business decision-making;Transforming the System from Equalism to Performance Incentive Mechanism,improve the company's salary system and stimulate employees' potential;Widening the Financing Channel of the Company,improving company cash flow and easing pressure on company funds;Integrate the superior resources of strategic investors to provide resources for their own business.Secondly,in the aspect of the effect of the mixed reform,at the level of governance and management,the company has adjusted its governance structure and decentralized its power,and at the same time expanded the professional scope of the company's sole directors and supervisors.The company has established a performance-oriented equity incentive mechanism,which can motivate core managers and key employees to innovate and generate income.The company integrates a large amount of funds to support business development.Aggregate the superior resources of strategic investors to promote the development of innovative business.In terms of market performance,short-term performance is excellent,while long-term performance is improved.At thelevel of financial performance,due to the introduction of strategic investors and the rational use of superior resources,the company's profitability,solvency and growth ability have been improved,but there is still a gap compared with the average relevant indicators of the same industry.The suggestions are as follows: the company should pay attention to the long-term performance growth and continuously strengthen its growth ability;classify and quantify the performance evaluation indicators and mobilize the enthusiasm of employees at different levels.