Enterprise strategic investment generally refers to major investment activities that directly affect the competitive position, business success or failure and the realization of medium and long-term strategic objectives of enterprises. Typical strategic investment projects of enterprises include: developing new products, introducing new production technologies or production lines, entering new fields, mergers and acquisitions, asset restructuring, expanding production and marketing capabilities, and so on. This kind of investment usually has a large demand for funds, long return period and high investment risk. Therefore, the venture capital characteristics of enterprise strategic investment are often very obvious. Enterprise strategic investment is actually the product of market competition. The purpose of strategic investment by enterprises is to establish obvious competitive advantages and win the competition in domestic and foreign markets. The competitive position of enterprises in the market has been strengthened, and the realization and appreciation of enterprise value have been reliably guaranteed.
Strategic investors, specifically strategic investors, refer to large domestic and foreign enterprises and groups that have the advantages of capital, technology, management, market and talents, can promote the upgrading of industrial structure, enhance the core competitiveness and innovation ability of enterprises, expand the market share of enterprise products, commit themselves to long-term investment cooperation, and seek long-term profit return and sustainable development of enterprises.
A strategic investor refers to a legal person who meets the requirements of national laws, regulations and rules, has a cooperative relationship or cooperative intention and potential with the issuer, and is willing to sign a strategic investment placement agreement with the issuer according to the issuer's placement requirements. It is a legal person who has close business ties with the issuing company and wishes to hold the shares of the issuing company for a long time. 1999 The concept of strategic investor was first put forward in July.
The introduction of strategic investors is because: firstly, it is determined by the purpose of restructuring local state-owned enterprises. The purpose of reorganization is not to sell at once, nor to simply unload the burden. Fundamentally speaking, it is to focus on becoming bigger and stronger. After several years of reform, most small and medium-sized state-owned enterprises have been restructured, and now there are more than 400 large and medium-sized enterprises left. Its assets account for about 79.3% of the total industrial assets above designated size in the province. For these large and medium-sized state-owned enterprises with huge assets and extremely important strategic position in the province's economy, there are different disadvantages in realizing diversification of property rights, relying on internal employees to buy shares or management to buy them out, or selling part of their net assets, or even engaging in stepped restructuring. Because, compared with the huge stock assets of the enterprise, a small number of insiders have invested in shares, and the increment is limited. Its property right structure, governance structure and the pattern of insider control remain unchanged. In particular, this fund is really a drop in the bucket for the huge capital demand of enterprises to expand their scale, improve their operating conditions and enhance their market competitiveness. Only by introducing powerful strategic investors can we drive all kinds of economic resources into industries with comparative advantages in our province with the help of external forces to become bigger and stronger enterprises; Only in this way can our state-owned enterprises, which are still in a closed and semi-closed state, be brought into the international economic system.