Research On The Strategies And Consequences Of The Overall Listing Of State-owned Group Enterprises

In the early stage of my country’s capital market construction,due to the low level of productivity at that time and the urgent development,some state-owned enterprises chose to split and go public to achieve the goal of listing.However,in the subsequent in-depth development process,it is inevitable that there will be an increase in transactions between related parties and infringement of the interests of small and medium shareholders.In order to reduce the negative effects of the spin-off and listing,the overall listing came into being.From the perspective of optimizing the market economy,deepening the reform of state-owned enterprises and implementing mixed-system reforms are inevitable choices for the prosperity and development of the economic market,and the overall listing is a favorable way that fits the development status of my country’s state-owned enterprises at present,and can optimize the allocation of corporate resources and improve At the same time,it promotes the implementation of deepening reforms at a fundamental level,speeds up the process of system reform,and raises the level of securitization of state-owned assets.The main body of the article has four parts:first,analyze the background and status quo of the overall listing of state-owned group companies in my country from a relatively macro perspective,and proceed from four aspects:background,model selection,status quo and possible problems;second,In-depth case,the background and motivation of Anhui Construction Engineering Group’s overall listing are introduced in detail;then,the overall listing strategy of its overall listing strategy from the three aspects of implementation process,strategy implementation steps and strategy implementation characteristics will be explored and analyzed in detail;and finally from the market Performance,financial performance,business performance,and innovation performance are four performance levels to test the overall listing results of the entire Anhui Construction Engineering Group.Research and analysis found that:(1)The overall listing is conducive to the improvement of the industrial chain of state-owned group enterprises and the realization of main business synergy;(2)It is conducive to avoiding competition in the same industry and inhibiting related-party transactions;(3)Choosing the right strategy can effectively improve the overall listing Efficiency;(4)The overall listing has brought positive economic consequences for Anhui Construction Engineering.On this basis,what can be learned for other state-owned group companies is:to seize the opportunity to grasp the best time for the overall listing;choose an appropriate overall listing strategy;take measures to prevent and control the possible risks of the overall listing;Attach importance to subsequent resource integration.