The latest analysis of Unicom's mixed reform, what impact does it have on employees?

On August 16, the cover of China Unicom's mixed reform and restructuring plan was unveiled. China Unicom (600050), a A-share listed company under Unicom Group, issued a mixed reform plan. Four Internet giants such as Baidu, Ali, Tencent and JD.COM, as well as a number of vertical enterprises and two funds, have become strategic investors of China Unicom, with a total consideration of 78 billion yuan. For ordinary employees, China Unicom also hopes to establish a market-oriented mechanism of enterprise benefit sharing and risk sharing, including establishing equity incentive mechanism, performance-oriented, optimizing internal salary distribution mechanism and restraint mechanism. According to Unicom's mixed reform plan, the core employees will be granted no more than 848 million restricted shares in the first phase, and the funds raised will not exceed about 32130,000 yuan. According to China Unicom, the price of 848 million restricted shares to be granted to core employees is RMB 3.79 per share. The reform of state-owned enterprises is full of difficulties. It is complicated to worry about the loss of state-owned assets, who can hold shares and how many employees hold shares. This time, China Unicom has also taken employees into account, which is also a major breakthrough. In the future, the mixed reform of the second and third batches of state-owned enterprises promoted by the National Development and Reform Commission may take employee stock ownership into account. "The mixed reform promoted by the National Development and Reform Commission is a project system, which revolves around the project and has little resistance. The reform of SASAC should consider all aspects. In addition, the mixed reform of the National Development and Reform Commission is a wave of unrest. This time, Unicom's mixed reform efforts are not small. The National Development and Reform Commission also hopes that this wave of programs will be launched quickly and finally achieve its goal. " Li Jin said. This time involving employee stock ownership is a bright spot, but I don't know if the survival of the fittest can be implemented. High labor costs are a major pain point for state-owned enterprises. It is worth mentioning that the price set by Unicom's employee stock ownership plan is much lower than the stock price before the suspension, and the specific logic of this price setting is still unclear. However, this large discount may also provide ideas for the mixed reform of other central enterprises.