Case Study On The Causes,Process And Economic Consequences Of Cofco Reorganization

As far as China's economic construction is concerned,the role of central enterprises cannot be ignored.It has brought important contributions to the development of the national economy and is a powerful engine for China's economic development.As a core component of the state-owned economy,central enterprises have laid a solid foundation for consolidating the dominant position of the state-owned economy in the process of macroeconomic regulation and control.It can be considered that central enterprises naturally bear social obligations.Since the party's 18 th National Congress in 2012,the government has realized the importance of the improvement of the comprehensive competitiveness of central enterprises to China's economic development,and has begun to promote mergers and acquisitions among central enterprises.In this round of reforms,the government abandoned the development idea of “doing a big job” and turned to the core goal of improving the core competitiveness of enterprises.By the end of 2017,a total of 18 reforms of 34 central enterprises had been completed,which also reduced the number of central enterprises in China from 117 to 98.This article will take COFCO as an example to conduct a comprehensive analysis of COFCO's restructuring motivation,restructuring path,financial indicators,international competitiveness and domestic monopoly advantages.COFCO is one of the most well-known central enterprises in China and has always strictly fulfilled its mission of national food management.As one of the most concerned companies after the reorganization and integration of central enterprises,this paper will study a series of reforms carried out by COFCO after the reorganization and integration of central enterprises.The study found that after the restructuring of COFCO,the international competitiveness and domestic monopoly advantages based on financial indicators have been significantly improved,so it can confirm the positive impact of the restructuring operation,which can open up the road for the cooperation between central enterprises and more fully explore The value of state-owned capital will enhance the competitiveness of central enterprises on a global scale.The conclusions of this paper corroborate the value of central enterprise restructuring and can bring reference to relevant program design.