The New Equity Model Provides Sustainable Development Momentum for Modern Enterprises - Taking Beijing Chengjian Yatai Group, a Construction Enterprise,as an Example 中国可持续发展评论 2024年第3卷第4期 页

Under the impact of marketization trend, in order to cope with the competition, state-owned enterprises have carried out a series of reforms. These reforms have played a positive role in creating an orderly market competition atmosphere and promoting sustainable economic development in China. The capitalization reform, as a new equity reform. model, establishes a simulated corporate system by establishing a management model that shares the benefits of equity and bears the risks of operation, and allocates rights and responsibilities. It guides enterprises to carry out corporate governance according to the principles of corporate governance and thinking, thus effectively stimulating enterprise vitality and improving enterprise governance levels.