China Unicom's mixed reform plan is the first batch of mixed reform pilots of state-owned enterprises led by the National Development and Reform Commission. This scheme introduces internet enterprises to the greatest extent, and it also includes employee stock ownership, which involves corporate governance mechanism. These complex problems have paved the way for the subsequent mixed reform enterprises and are a breakthrough.

First, the definition of enterprise mixed reform:

Mixed reform of enterprises is the reform of mixed ownership of state-owned enterprises. The purpose is not to mix things up, but to increase the competitiveness and vitality of state-owned enterprises in the reform. The purpose of mixing is to create a competitive governance system for enterprises that conforms to modern corporate governance and can cultivate competitiveness and innovation.

The reform of state-owned enterprises is recognized as one of the most difficult links in China's economic reform, and the difficulty lies in the lack of understanding of some fundamental issues in all walks of life. In the new round of state-owned and state-owned enterprise reform marked by "mixed ownership", although the direction has been set, the details are still unknown. In this context, how to implement the specific route of mixed ownership reform is very important.

Second, the application of enterprise mixed reform:

1, internal optimization and reorganization, improvement of organizational structure, external cooperation and partnership, joint merger, realization of shareholding system reform, mutual participation through cross-shareholding, and construction of mixed enterprises. Develop new projects, set up new companies, implement joint-stock system, and form mixed enterprises as much as possible.

2. Well-established joint-stock enterprises choose domestic and overseas categories such as A shares and H shares through domestic and overseas multi-level capital markets, and choose different channels such as main board, growth enterprise market and SME board to realize IPO.

3. Optimize the ownership structure and promote the integration of all kinds of capital by means of equity circulation, increasing holdings and reducing holdings, increasing capital and shares, issuing convertible bonds and private placement.

4. Continue to adhere to and improve the successful practice of reorganization and restructuring of state-owned enterprises, deepen the restructuring of the surviving parts, cultivate high-quality assets and push them to the market. Conditional parent companies can be restructured into holding companies or investment companies, and large enterprises can integrate their subsidiaries, strive for overall listing, and enlarge their capital functions.

5, through joint ventures, mergers and acquisitions, equity participation, etc. To attract foreign investors to become shareholders of overseas companies.