High Technology Enterprises Stock Reorganization and Come into the Growth Enterprise Market Study
|School||Southwest Jiaotong University|
|Keywords||high technology enterprises stock reorganization come into the growth enterprise market|
With the foundation of market economy system in China, contradictions caused by traditional state enterprise system become more obvious than ever.To establish a modern enterprise system is a necessary demand of socialized production and market economy as well as the direction of the state enterprise reform. The transformation of state enterprise onto company seems to be an available way of the establishment of modern enterprise system.lt is urgent to us that how to bring the rebirth to the state medium-small high technology enterprises through the establishment of a modern system by stock reorganization and raising money from the forthcoming growth enterprise market.Based on the analysis of the current situation of the state medium-small-enterprise and the difficulties met during the stock reorganization of the high technology medium-small-enterprise, the article tries to provide possible solutions on the issues of definition of property rights, management of state assets, stock evaluation of commercial and non-commercial capital, disposal of enterprise debt and the use of land, and the settlement of retired people respectively.Applying the modern theory of financial management, the article also gives its suggestion on the comprehensive evaluation on the companies during their stock reorganization and on the optimal allocation of capitals.According to the western experiences of developing high technology industries by venture investment and the prospect of the roles played by the forthcoming growth enterprise market, the article concludes that the sate medium-small high technology enterprises raising money from growth enterprise market through stock reorganization may be a shortcut for their development.A case of an "Institute of automatization", whose scheme was planned by the author for practice, is discussed throughout the paper. The fact that its development turned to high technology of electronic measurement through stock reorganization that eventually helped itself come into the growth enterprise market demonstrates the author’s standpoint.Hope this study could be referential to the development of Chinese medium-small high technology enterprises.