A Case Study Of Mixed Ownership Reform In The Shede Wine Industry

The reform of mixed ownership is a breakthrough in the comprehensive deepening of the reform of state-owned enterprises and is of great significance.The mixed ownership reform of state-owned enterprises can complement the advantages of state-owned enterprises and private enterprises,stimulate endogenous motivation of enterprises,improve financing efficiency and core competitiveness,realize the appreciation and preservation of state-owned assets,and promote better and faster development of state-owned enterprises.My country's state-owned enterprises are still in the exploration stage of the mixed reform road.Although certain results have been achieved,there are still some problems in practice that are not conducive to the reforms.Therefore,this article adopts the method of case study and chooses the willing wine industry as the research object.In the process of mixed reform,Shede Wines introduced strategic investors by adopting the reform method of first holding shares and then transferring control rights to realize the cross-holding of state-owned capital and private capital,which has a typical exemplary role.Through in-depth analysis of the effectiveness of the mixed reform of state-owned enterprises,it has profound theoretical and practical significance under the background of mixed reform of state-owned enterprises.Based on this,this article combines the development status of the wine industry,industry background and policy environment,analyzes the reasons for its mixed reform,and reviews the process of mixed reform.Using literature research method,case research method,etc.,research on the mixed ownership reform of Shede wine industry from four perspectives of property rights mixed reform,governance structure,operational performance and mixed reform risk.Among them,it focuses on the analysis of the financing efficiency of the mixed ownership reform of the willing liquor industry,the shareholding structure,corporate governance,and the illegal occupation of funds by the controlling shareholder.Finally,the research conclusions of this article are drawn:First,the financing efficiency is good,and it has not caused the loss of state-owned assets;second,the controlling shareholder is "dominant in one share",and the equity is too concentrated,and the decision-making behavior of the controlling shareholder is difficult to be effectively restricted;third,There are serious problems in the governance structure of the board of directors and management;fourth,operating performance has improved,but the effect is weak;fifth,the incident of controlling shareholders' occupation of funds will have a fatal impact on the company.For this reason,this article puts forward corresponding suggestions:First,the mixed-reform enterprise should choose strategic investors reasonably,and investors should have the financial strength and operational capabilities;second,the SASAC should perform the responsibilities of investors and do a good job in state-owned assets management.Strengthen the supervision and management of state-owned enterprises in the mixed reform;third,set up responsibilities and obligations in the plan,and strictly follow the standardized operation of the mixed reform in the process of mixed reform to prevent illegal activities such as the transfer of interests and the loss of state-owned assets;fourth,improve the company Governance,strengthen the awareness of rights and responsibilities;fifth,strengthen party building and legal propaganda,give full play to the party's leadership and political core role;sixth,improve market supervision and punishment mechanisms,establish long-term effective supervision mechanisms,and improve relevant laws and regulations.