October 29, Shandong State Investment wholly owned subsidiary of Shandong Rong Yue Financial Holding Company Limited (hereinafter referred to as "Rong Yue financial control"), officially listed on the Shandong Property Rights Trading Center, "take out" 40% of the equity to recruit strategic investors, start mixed The first step in the reform of the ownership system.
Last month, in just 20 days, nine mixed-reform listing project after another into the Shandong Property Rights Trading Center. Their "owners" include the Shandong Expressway Group, Shandong Energy Group Limited, Shandong Iron and Steel Group Co.
" for small and micro enterprises and individual customers to provide a comprehensive package of services for the class of financial holding platform ", is the goal of the rongyue gold control, as of the end of April 2019, its asset size has reached 2.541 billion yuan. The funds raised by this mixed reform are precisely to increase the registered capital and supplement the working capital.
Finance Shandong state-owned enterprises mixed reform pace accelerated again, should avoid "wearing new shoes to walk the old road"" img_height="465" img_width="800" data-src="//imgq3.q578.com/de/1105/ 48a0e8d968fcb4a6.jpg" src="/a2020/img/data-img.jpg">
And as a state-owned enterprise genes of the Rongyue Jinzhong, the qualification requirements of the intended investor on the threshold is quite high: the requirements of the intended investor into the funds shall be its own capital, shall not be entrusted to the funds, debt funds, and other non-owner funds The investment is not allowed to use entrusted funds, debt funds and other non-owner funds. If the intended investor is a single investor, the subscription number is not less than 33.333 million yuan of registered capital. At the same time, the project accepts consortium investment, but each member of the consortium must meet the requirements of a single investor ......
The capital market is a "good helper" for the mixed ownership reform of state-owned enterprises, which is mainly reflected in the pilot mixed ownership reform. Enterprise listing and market-oriented mergers and acquisitions and restructuring on the transformation and upgrading of state-owned enterprises play an important role. In the next step, continue to grasp the listing, mergers and acquisitions and reorganization and other related system construction, the significance of the mixed ownership reform of state-owned enterprises will be more prominent
And look at several other provincial state-owned enterprises involved in mixed reform, the purpose of most of the increase in capital stock, in order to take advantage of the strategic investor's "support", to replenish the enterprise's liquidity, expand the main business, so as to provide the enterprise itself with the best possible solution to the problem. The main business, so that the enterprise itself is really empowered.
There is also a hybridization of state-owned enterprises in favor of internal reform, through the implementation of management and key employees to hold shares, vigorously implement the reform of mixed ownership enterprises, the establishment of a positive correlation between the benefits of the enterprise and the interests of the operators. Unlike the needs of the former, this kind of mixed reform is more aimed at retaining talent and making the enterprise a **** enjoyment platform.
Recently, Jining City, Jining Energy Group, a state-owned enterprise under the jurisdiction of the three-tier enterprise Jining Luling Chunhui Machinery Manufacturing Co. enjoy, risk *** share, so that the enterprise becomes *** enjoyment platform, for the rapid development of the enterprise has laid a solid foundation.
Finance Shandong state-owned enterprises mixed reform pace accelerated again, should avoid "wearing new shoes to walk the old road"" img_height="533" img_width="800" data-src="//imgq3.q578.com/de/1105/ 1b4ed493154bc113.jpg" src="/a2020/img/data-img.jpg">
Chunhui was founded in March 2013, belongs to Shandong Shengyuan Holdings Limited, is a long-term engaged in the design of mining hydraulic bracket hydraulic system, production and service of the integration of the enterprise, and the Academy of Coal Science to maintain It has been cooperating with the Coal Academy of Science for many years and has a high level of science and technology, with a wealth of professional and technical workers as the backbone of the production and operation. After 7 years of market competition, Chunhui has developed into the largest valve processing enterprise in Shandong Province.
With the increasing number of enterprises of the same type, the competitiveness of talents has gradually become the core advantage of enterprise development, especially the introduction of management personnel and scientific and technological research and development personnel and retention of the problem has become more and more prominent, and timely equity incentives to the core talent has become a "cardiotonic agent" to promote the rapid development of enterprises.
According to the actual situation, Chunhui company based on asset evaluation results of the company to the shareholding platform to transfer part of the equity for equity incentives, the establishment of a limited partnership as a platform for employee shareholding, eligible for incentives for employees in the form of cash contributions to obtain the shareholding platform equity. Subsequently, Chunhui company in accordance with the relevant provisions of the rapid implementation of the assessment and audit, registration of the shareholding platform, the staff into the capital and other work, the real realization of the management and the backbone of the staff shareholding.
After the implementation of the program, employees who meet the incentive conditions actively enrolled to participate in the work of the employees' initiative to significantly improve the development of the market, the awareness of cost savings and consumption reduction has increased significantly. Chunhui company has implemented internal institutional reform, streamlining the organization and personnel, to avoid people floating on things, the implementation of a more flexible institutional mechanism, actively docking the market, the implementation of order-based production, work efficiency to further improve the company's overall outlook on a new look.
According to an industry source, to avoid "wearing new shoes to walk the old road", is a state-owned enterprises to pay special attention to the place of mixed reform. Through the adjustment of equity and then realize the optimization of the institutional mechanism, so that enterprises and core staff to achieve the benefits of *** enjoy, risk *** bear, in the process of enterprise management more follow the laws of the market, the product more cater to market demand, in order to change the mixed reform of the state-owned enterprises after the sustainable development of the beautiful results.
According to Xinhua News Agency, Yida Capital Chairman and founding partner Ying Wenlu, a leading figure in the venture capital industry from the state-owned enterprises, used his own experience to prove that the mixed reform of state-owned enterprises has brought great vitality to the enterprises.
Finance Shandong state-owned enterprises mixed reform pace accelerated again, should avoid "wearing new shoes to walk the old road"" img_height="533" img_width="800" data-src="//imgq3.q578.com/de/1105/ 52e66e6dd62534cb.jpg" src="/a2020/img/data-img.jpg">
6 years ago, Jiangsu Hi-Tech Investment Group (hereinafter referred to as "Jiangsu Hi-Tech Investment") took the lead in the state-owned venture capital enterprises to achieve a breakthrough in the mix of reforms to set up the Yida Capital. The company's management team holds 65% of the shares, which has caused strong repercussions in the industry. 5 years later, as of the end of November 2019, the management team of Yida Capital has accumulated 106.6 billion yuan of capital under management, invested in and supported more than 800 entrepreneurial enterprises, and boosted 175 of them to land on the domestic and international capital markets, and ranked among the top 10 Chinese Venture Capital Institutions in 2019, and the top 10 Chinese Venture Capital Institutions in the world in terms of investment volume. "ranked fourth among Chinese venture capital institutions.
Just before the mixed reform, Jiangsu high investment was once in a dilemma. If not reform, it is difficult to continue, the company for three consecutive years a large number of backbone loss, the investment business is seriously declining, performance growth difficulties; if the reform, there is no mature experience to learn from, but also facing huge risks and challenges. "If we don't find work, we will starve to death!" Ying Wenlu said in an interview that the environment at that time forced them to quickly learn new skills and find food from the market. At the beginning of the reform, Yida Capital used three "strokes" to stimulate the team's vitality, vigorously expand the business, and promote itself to obtain extraordinary growth.
The first move: change the identity of the repositioning. From the "state-owned enterprises" identity to the "market" identity, Yida Capital has gradually transformed the backbone of these state-owned enterprises into the role of partners, who are no longer leaders, but experts in door-to-door negotiations, market research, and risk management.
The second move: use talent without restraint. Do not engage in seniority, employee income and rank promotion mainly depends on performance, even if it is just a year into the company's newcomers, strong ability, outstanding performance will be promoted and reused, the current top staff income of millions of dollars has become the norm.
The third move: streamlining and simplifying the market. Innovative model, the team will be broken up and narrowed down, an investment team consists of 2 to 3 people, a **** organized into more than 20 investment team. The company's investment teams are organized into divisions based on different industries, such as TMT, health and medicine, clean technology, culture, service industry, advanced manufacturing and new materials.
After the internal optimization and reorganization, the efficiency of Yida Capital has been greatly improved. The success of the reorganization has led to an all-round enhancement of Jiangsu Hi-Tech's ability to carry the government's professional responsibilities, serve local development, and serve innovation and entrepreneurship and the real economy. After the mixed reform, Jiangsu Hi-Tech focuses on planning development strategies and integrating resources, and is the center of strategic development and innovation, the center of risk control and management, and the center of party building and culture. Yida Capital, on the other hand, has become a platform for Jiangsu Hi-Tech's market-oriented business and a highland of professional talents, while vigorously expanding real estate funds, wealth management, mergers and acquisitions, and other innovative businesses, so as to better carry the role of the government's professional grip for Jiangsu Hi-Tech to provide protection for the high-quality development of the regional economy.
"Promoting the reform of state-owned enterprises should be conducive to the preservation and appreciation of state-owned capital, conducive to improving the competitiveness of the state-owned economy, and conducive to the amplification of the function of state-owned capital." This is the "three favorable" standard for state-owned enterprise reform. For the subject of mixed reform of state-owned enterprises, it is being vigorously pushed forward from the modern enterprise system, governance structure, selection and employment mechanism and other aspects, to a deeper level. In the face of life-and-death reforms, enterprises can only usher in hope and development if they have the courage to break through the barriers of ideological concepts and the barriers of solidified interests. Finance Shandong state-owned enterprises mixed reform pace accelerated again, should avoid "wearing new shoes to walk the old road"" img_height="304" img_width="800" data-src="//imgq3.q578.com/de/1105/ 6556ccf9e815d927.jpg" src="/a2020/img/data-img.jpg">