Research On The Performance Of State-owned Enterprises’ OFDI Under "The Belt And Road"

In 2013,General Secretary Xi Jinping proposed an important initiative of "One Belt And One Road”,namely“21st Century Maritime Silk Road" and“Silk Road Economic Belt".Li Keqiang also elaborated on the "Belt and Road" in the government work report,demanding that the construction of related projects be accelerated.At the pace,we will strive to achieve construction goals such as smooth trade and road connectivity.The "One Belt,One Road"initiative put forward by China not only integrates with the open strategy currently implemented in China,but also creates new economic growth points under the "new normal".In China’s economic system,state-owned enterprises occupy an important position.These enterprises have made tremendous contributions in poverty alleviation,environmental protection,and employment,and they have promoted the rapid development of the economy.In recent years,the pace of global economic development has slowed down.China is facing pressures such as rising prices and falling economic growth.Some industries have overcapacity problems.Enterprises face many obstacles in their development,such as lack of development funds and increasing financing costs.Seriously affected the sustainable development of enterprises.Not only under the dual influence of "One Belt,One Road" and the economic problems faced by our country,but also with the continuous improvement of the comprehensive strength of state-owned enterprises,in order to realize their own global business strategy,the direct foreign investment of state-owned enterprises has increased year by year.Through the study of a large amount of literature and the analysis of the current situation of foreign direct investment of state-owned enterprises in recent years,this paper analyzes the macro environment and investment motives of COSCO’s foreign direct investment in the context of the“Belt and Road”,and finds that it’s more affected by government policies.In the main research part of the paper.Firstly,this paper analyzes and evaluates the medium and long-term performance of foreign direct investment in a period of COSCO SHIPPING Holdings Co.,Ltd through establishing a financial performance evaluation index system,Finding the conclusion that it produces good financial performance after integration,and analyzes the path of the financial performance of COSCO’s OFDI.Secondly,through the analysis of social performance,comprehensive strength and externality effects,the non-financial performance of COSCO SHIPPING Holdings Co.,Ltd’s OFDI is analyzed and evaluated.Finally,this paper puts forward countermeasures and suggestions for the direct foreign investment of state-owned enterprises from macro leadership,post-merger restructuring initiatives,and so on.