State-owned guarantee companies refer to the proportion of state-owned shares.

Some people say that state-owned enterprises refer to enterprises that account for more than 5 1%. This concept is out of date. Strictly speaking, it should be called a state-owned holding company. At present, as long as the state-owned assets of public enterprises have a controlling stake, they do not need to account for more than 5 1%. Therefore, the dispute of modern enterprises is the dispute of control rights. Everyone wants to invest as little as possible, but the capital with controlling interest is Niu Niu's capital operation. Of course, whoever owns the controlling stake in the enterprise first, especially before the enterprise goes public, is the major shareholder (it doesn't matter whether it is a single major shareholder). After listing, if others covet the controlling shareholder status of the enterprise, as long as it exceeds 5%, they will buy a lot in the secondary market. If the second shareholder owns more than 5% of the shares before the listing of the enterprise and continues to buy shares in the secondary market after the listing of the enterprise, it will threaten the status of the major shareholder. After buying a certain proportion of shares in the secondary market, it is necessary to raise cards in time. I forgot the specific proportion. If anyone is interested, you can look at the relevant regulations. This involves the arrangement of the placard system in the Securities and Futures Trading Regulations. Just like Vanke was placarded by a company two years ago. This system aims to protect the rights and interests of controlling shareholders.