The success of China's mid-term restructuring depends on the change of CSRC's backdoor attitude towards non-financial enterprises. At present, the success or failure of Shenwan's backdoor Hongyuan can verify the attitude of the CSRC towards such restructuring. Hongyuan has been suspended for more than seven months, and it can be said that it is almost time to solve the mystery. According to the announcement of Hongyuan Co., Ltd., its reorganization plan was announced on June 6, 20 14, which means that whether it can be reorganized in June can be basically determined.

Enterprise reorganization is a process of reconfiguring the capital, assets, labor, technology, management and other elements of an enterprise, building a new production and operation model, and maintaining the competitive advantage of an enterprise in the process of change. Enterprise reorganization runs through every stage of enterprise development. Enterprise reorganization is a process of enterprise reorganization, reorganization and integration, aiming at enterprise property rights and other debts, assets and management structure, improving enterprise management level as a whole and strategically, enhancing enterprise market competitiveness and promoting enterprise innovation.