Study On Reform Model And Effect Of Mixed Ownership System Of Chongqing Iron And Steel

Mixed ownership reform has always been a high priority for the Party and the government.Both the report of the 19 th National Congress of the Chinese Communist Party and the recent government work report continue to see mixed ownership reform as an important development trend in China.Mixed property reform,which has entered the stage of deepening classification and reform from the early stages of promotion and implementation.Corporate property reform should not be totally "shuffled together".Different types of companies have different types of mixed ownership reforms,so we should choose the appropriate reform model according to the characteristics of different types of enterprises.Therefore,research on mixed ownership reform still has a long distance to go.While mixed ownership reform has been effective in competitive state-owned enterprises,non-competitive enterprises,especially in iron and steel enterprises,which are the pillars of the national economy,are difficult to reform due to more historical problems and different reform modes and methods than competitive enterprises.Prior to the mixed ownership reform,Chongqing Iron and Steel was in poor business condition and had problems such as inefficient corporate management and significant debt.The existence of these problems seriously hindered the development of Chongqing Iron and Steel and needed to resolve it urgently.Choosing a mixed ownership reform mode for Chongqing Iron and Steel is also an important issue for companies.The 2020 Government Work Report proposes to promote market-oriented operations of monopolies and promote the profound development of mixed ownership reform.Against this background,steel enterprises with a certain monopoly nature to explore their own reform model to carry out mixed ownership reform has a certain value and significance.This paper firstly compares the relevant literature and theories on the reform mode and effect of mixed ownership of steel enterprises and clarifies the general direction of mixed ownership reform of steel enterprises.Second,this paper presents the development and major issues of the steel industry and explains the need for mixed ownership reform in steel companies.Third,taking Chongqing Iron and Steel as an example,we will analyze the specific reasons for mixed ownership reform,analyze the process of mixed ownership reform through bankruptcy restructuring and the implementation of the employee stockholding system,and summarize the reform model.Next,I examined the series of changes introduced by the mixed ownership reform of Chongqing Steel and explained the impact of the reform.On the other hand,optimization of the corporate governance mechanism can affect changes in the financial ratio of a company.Therefore,this paper also compares and analyzes the changes in financial indicators and development potential of Chongqing Iron and Steel before and after the hybridization,and illustrates the impact of the hybridization on its financial performance in terms of external performance such as financial indicators.Next,we will use the event survey method to analyze the market reaction of Chongqing Iron and steel before and after the mixed reform,and further prove the positive effect of the mixed reform on Chongqing steel.This paper explores the model and effect of mixed ownership reform of Chongqing Iron and Steel,which to a certain extent can provide useful experience for the reform of other iron and steel enterprises and help solve the problems faced by iron and steel enterprises,as well as provide some empirical data for the reform of enterprises in non-competitive industries.